Research Paper No. 687

ARE PRIVATE SECTOR CONSUMPTION DECISIONS AFFECTED BY PUBLIC SECTOR CONSUMPTION?

by

Olan Henry & Nilss Olekalns

April 1999

Department of Economics. University of Melbourne. Parkville Victoria 3052 Australia

ABSTRACT

This paper looks at the intereaction between public and private consumption in Australia. The results show that there is substitution between private and public consumption in the long-run and that in the short-run changes to government consumption secure a return to equilibrium following a shock.
This mail form will be sent automatically to Department of Economics Administrative Staff and your request will be processed. Please fill in your Details below and Click On "Send Request" button when you are finished. Papers will be sent by post.

Please enter paper No :

Please enter paper title :

Please enter your name :

Please enter you postal address :

Please enter your e-mail address :