File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1016/j.jinteco.2018.11.009
- Scopus: eid_2-s2.0-85057750932
- WOS: WOS:000458596300009
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: The effects of government spending on real exchange rates: Evidence from military spending panel data
Title | The effects of government spending on real exchange rates: Evidence from military spending panel data |
---|---|
Authors | |
Keywords | Military spending Fiscal policy Real exchange rates Twin deficit Risk sharing |
Issue Date | 2019 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jie |
Citation | Journal of International Economics, 2019, v. 116, p. 144-157 How to Cite? |
Abstract | Using panel data on military spending for 125 countries, we document new facts about the effects of changes in government purchases on the real exchange rate, consumption, and current accounts in both advanced and developing countries. While an increase in government purchases causes real exchange rates to appreciate and increases consumption significantly in developing countries, it causes real exchange rates to depreciate and decreases consumption in advanced countries. The current account decreases in both groups of countries. These findings are not consistent with standard international business cycle models. We discuss potential sources of the differences between advanced and developing countries in the responses to spending shocks. |
Persistent Identifier | http://hdl.handle.net/10722/274516 |
ISSN | 2023 Impact Factor: 3.8 2023 SCImago Journal Rankings: 4.583 |
ISI Accession Number ID |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Miyamoto, W | - |
dc.contributor.author | Nguyen, T | - |
dc.contributor.author | Seremirov, V | - |
dc.date.accessioned | 2019-08-18T15:03:14Z | - |
dc.date.available | 2019-08-18T15:03:14Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Journal of International Economics, 2019, v. 116, p. 144-157 | - |
dc.identifier.issn | 0022-1996 | - |
dc.identifier.uri | http://hdl.handle.net/10722/274516 | - |
dc.description.abstract | Using panel data on military spending for 125 countries, we document new facts about the effects of changes in government purchases on the real exchange rate, consumption, and current accounts in both advanced and developing countries. While an increase in government purchases causes real exchange rates to appreciate and increases consumption significantly in developing countries, it causes real exchange rates to depreciate and decreases consumption in advanced countries. The current account decreases in both groups of countries. These findings are not consistent with standard international business cycle models. We discuss potential sources of the differences between advanced and developing countries in the responses to spending shocks. | - |
dc.language | eng | - |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jie | - |
dc.relation.ispartof | Journal of International Economics | - |
dc.subject | Military spending | - |
dc.subject | Fiscal policy | - |
dc.subject | Real exchange rates | - |
dc.subject | Twin deficit | - |
dc.subject | Risk sharing | - |
dc.title | The effects of government spending on real exchange rates: Evidence from military spending panel data | - |
dc.type | Article | - |
dc.identifier.email | Miyamoto, W: wataru@hku.hk | - |
dc.identifier.authority | Miyamoto, W=rp02409 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jinteco.2018.11.009 | - |
dc.identifier.scopus | eid_2-s2.0-85057750932 | - |
dc.identifier.hkuros | 301176 | - |
dc.identifier.hkuros | 301170 | - |
dc.identifier.volume | 116 | - |
dc.identifier.spage | 144 | - |
dc.identifier.epage | 157 | - |
dc.identifier.isi | WOS:000458596300009 | - |
dc.publisher.place | Netherlands | - |
dc.identifier.issnl | 0022-1996 | - |