Equivalenza Ricardiana in economia aperta:un’analisi dinamica su dati panel

Patrizia Margani and Roberto Ricciuti

No 59, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a significant effect of the budget balance on the current account, mostly in its current value, suggesting that Ricardian Equivalence does not hold.

Keywords: Ricardian Equivalence; fiscal policy; dynamic panel models (search for similar items in EconPapers)
JEL-codes: E62 F32 F41 H62 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2005-10
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Citations: View citations in EconPapers (1)

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Journal Article: Equivalenza ricardiana in economia aperta: un'analisi dinamica su dati panel (2006)
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