Exploring Patterns of Fiscal Policy Multiplier in Selected Countries

Mustapha A. Akinkunmi


This study examines the evolution of fiscal spending multiplier in selected oil producing countries over the period of 1981-2015, using the structural vector autoregressive (SVAR) approach. The study found that lag-year of government consumption spending significantly affects the level of output in the countries. In addition, the results of the SVAR model show that real GDP responds positively and significantly to fiscal shocks in the concerned countries.

Keywords: Fiscal spending multiplier, Structural vector auto-regression (SVAR); Fiscal shocks

JEL Classification: H50, H11

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ISSN (Paper)2222-1700 ISSN (Online)2222-2855

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