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Gasto do governo e consumo privado: Substitutos ou complementares?

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  • Gomes, Fábio Augusto Reis

Abstract

This paper investigates whether private nondurable consumption is affected by changes in government spending, taking into account that private consumption can respond to predicted changes in current income. Using annual data from 1970 to 2003, results suggest that private consumption is not affected by anticipated changes in government spending, but it is affected by anticipated changes in income. Finally, the results indicate that private consumption and government spending are neither substitute or complementary and there is evidence of excess sensitivity to income.

Suggested Citation

  • Gomes, Fábio Augusto Reis, 2013. "Gasto do governo e consumo privado: Substitutos ou complementares?," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(2), June.
    • Handle: RePEc:fgv:epgrbe:v:67:y:2013:i:2:a:3947
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