TY - GEN AU - KAMIRYO, HIDEYUKI TI - Test of say's law by sector and crowd: Forecast simulation of deficit increase against the current economic crisis PY - 2013/// KW - FINANCIAL ECONOMICS N2 - 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 ER -