Federal Government Budget Deficits and the Crowding Out of Private Investment in the United states: Evidence for the 1990s

Richard Cebula (), James Koch, William Perry and Michael Toma

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates whether federal government budget deficits in the U.S. over the 1990-99 time period acted to crowd out private investment in new plant and equipment. Using quarterly data, empirical estimations clearly indicate that private investment was in fact negatively impacted by the budget deficit.

Keywords: budget deficits; investment in new plant and equipment; crowding out (search for similar items in EconPapers)
JEL-codes: H3 H31 H62 H69 (search for similar items in EconPapers)
Date: 2003-02-22
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Published in The Indian Journal of Economics 4.84(2004): pp. 587-595

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