EconPapers    
Economics at your fingertips  
 

Estimación de multiplicadores fiscales para Nicaragua con datos trimestrales de 2006 a 2018

Estimation of fiscal multipliers for Nicaragua with quarterly data from 2006 to 2018

Luis Membreño, Jennifer López and Kenneth Jiménez

MPRA Paper from University Library of Munich, Germany

Abstract: In the present study, we estimate the symmetric and asymmetric multipliers of expenditure and income for Nicaragua. For the symmetric model we used the Structural Vector Autoregressive (SVAR) to identify the fiscal multipliers on the product, consumption and investment. For the asymmetric model we used the local projections approach. The results of the linear model found that spending and income multipliers of the Central Government are less than one Córdoba for GDP, consumption and private investment. Likewise, the results suggest that capital spending has a greater effect on the product. Regarding to the non-linear model, a slight asymmetry was evidenced in the spending multipliers while the income multiplier was always negative no matter the state of the economy.

Keywords: Fiscal policy; Fiscal multipliers; Asymmetry; Structural Vector Autoregressive; Local projections. (search for similar items in EconPapers)
JEL-codes: E62 (search for similar items in EconPapers)
Date: 2020-12-28, Revised 2020-12-28
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/105040/1/MPRA_paper_105040.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:105040

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2021-01-24
Handle: RePEc:pra:mprapa:105040