A Note on "Crowding Out" in the United States

Richard Cebula () and Barbara Cebula

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the existence of crowding out in the United States by determining to what degree the proportion of actual GNP that was devoted to investment was affected by the proportion of GNP devoted to federal government spending. The empirical results in the regression estimation tentatively indicate that private investment in new capital is in fact crowded out by federal government outlays. Nevertheless, the evidence in this regression indicates also that although crowding out does occur, it is incomplete.

Keywords: crowding out of investment; government purchases as percent of GDP; partial crowding out (search for similar items in EconPapers)
JEL-codes: E22 E26 E43 H62 (search for similar items in EconPapers)
Date: 1979-01-07
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Published in Economic Notes 1.9(1980): pp. 122-125

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56991

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