Private and Public Consumption Expenditure Substitutability: Bayesian Estimates for the G7 Countries

G.M. Martin and V.L. Martin
Authors registered in the RePEc Author Service: Vance Lindsay Martin and Gael Margaret Martin

No 4/97, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: The degree of substitution between private and public per capita consumption for the G7 countries is estimated over the period 1960 to 1996. Special attention is given to isolating both long-run and short-run substitution effects.

Keywords: STATISTICS; HOUSEHOLD; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: C11 C32 H31 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1997
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