Does government growth reduce precautionary saving? (Journal article)

Hatzinikolaou, Dimitris

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dc.contributor.authorHatzinikolaou, Dimitrisen
dc.rightsDefault Licence-
dc.titleDoes government growth reduce precautionary saving?en
heal.type.enJournal articleen
heal.type.elΆρθρο Περιοδικούel
heal.recordProviderΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.abstractThe paper extends the constant-relative-risk-aversio n model by endogenizing the Arrow- Pratt coefficient of relative risk aversion. The empirical application treats this coefficient as a linear function of the rate of growth of real government expenditure per worker and estimates a Euler equation for consumption using Greek annual aggregate data for the period 1960Γ 1993. The results support the view that government growth may cause a typical consumer to become less risk averse and save less.en
heal.journalNameApplied Economicsen
heal.journalTypepeer reviewed-
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά)

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