The Displacement Hypothesis and Government Spending in the United Kingdom: Some New Long-Run Evidence
AuthorHenry, Olan; OLEKALNS, NILSS
AffiliationEconomics and Commerce: Department of Economics
CitationsHenry, Olan and Olekalns, Nilss (2000) The Displacement Hypothesis and Government Spending in the United Kingdom: Some New Long-Run Evidence.
Access StatusOpen Access
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.
Keywordsdisplacement hypothesis; government expenditure; structural breaks; JEL classification numbers: E62 fiscal policy; public expenditures; investment; and finance; taxation; H50 national government rexpenditures and related policies
- Click on "Export Reference in RIS Format" and choose "open with... Endnote".
- Click on "Export Reference in RIS Format". Login to Refworks, go to References => Import References