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Test of say's law by sector and crowd Forecast simulation of deficit increase against the current economic crisis

By: Material type: Mixed materialsMixed materialsPublication details: 2013Description: 1177-1213Subject(s): NLM classification:
  • 332
In: FINANCE INDIAMSummary: This paper test and proves the relationship between the growth rate of output and the level of deficit in endogenous equilibrium, using the data sets of KEWT 3.09, 1990-2007 for 58 countries by sector (govt. and private). The author tests say's law in an open economy, where supply equals demand in endogenous equilibrium, but output/income primarily differs by fiscal policy.
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This paper test and proves the relationship between the growth rate of output and the level of deficit in endogenous equilibrium, using the data sets of KEWT 3.09, 1990-2007 for 58 countries by sector (govt. and private). The author tests say's law in an open economy, where supply equals demand in endogenous equilibrium, but output/income primarily differs by fiscal policy.

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