- Economics - Research Publications
Economics - Research Publications
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ItemThe Displacement Hypothesis and Government Spending in the United Kingdom: Some New Long-Run EvidenceHenry, Olan ; OLEKALNS, NILSS ( 2000-06)This paper presents new evidence on the ability of Peacock and Wiseman'sdisplacement hypothesis to explain temporal increases in the ratio ofgovernment expenditure to GDP in the United Kingdom. Using univariatemodelling techniques that are robust to structural changes in the underlyingdata generating process and a data set extending back to 1836, we find fourinstances where displacement may be said to have occurred.
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ItemThe effect of recessions on the relationship between output variability and growthHenry, OT ; Olekalns, N (WILEY, 2002-01)