Does Crowd Out Really Occur? Initial Empirical Evidence—One Time Period

John Heim

Chapter Chapter 6 in Why Fiscal Stimulus Programs Fail, Volume 2, 2021, pp 137-142 from Springer

Abstract: Abstract Tests standard economic models of the determinants of consumer and investment spending to determine whether deficits cause a “crowd out” problem. Care is taken to ensure all other variables likely to cause fluctuations in consumption and investment are controlled for. One sample period is tested, 1960–2010. The tests confirm deficits cause crowd out of consumer and investment spending, thereby offsetting the stimulative effects of deficits.

Date: 2021
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DOI: 10.1007/978-3-030-64727-8_6

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