EconPapers    
Economics at your fingertips  
 

Liberating Supply: Fiscal Policy and Technological Innovation in a Multicountry Model

Tamim Bayoumi, David Coe () and Douglas Laxton ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D expenditures of trading partners, and trade. Compared with the standard version of the model with exogenous TFP, fiscal policies have much larger and long-lived effects on the domestic economy and on other countries.

Keywords: Technological progress; research and development; econometric models (search for similar items in EconPapers)
JEL-codes: O30 O33 O40 (search for similar items in EconPapers)
Date: 1998-06
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/8596/1/MPRA_paper_8596.pdf original version (application/pdf)

Related works:
Working Paper: Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model (1998) Downloads
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:8596

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 2019-10-11
Handle: RePEc:pra:mprapa:8596