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The emergence of economic trading blocs : the role of Japan and the implications for Latin America

机译：经济贸易集团的出现：日本的作用及其对拉丁美洲的影响

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Approved for public release: distribution is unlimited

机译：批准公开发行：发行量不受限制

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Yeargin Linda T.;
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年度 1994
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正文语种 en_US
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7. The Impact of Government Spending on the Duration and the Intensity of Economic Crises: Latin America 1900-2000 Abstract: We study the role of fiscal expenditure during episodes of economic crises using one century data from 20 Latin American countries. We use output drops as way of indicating the irruption of economic crises and we are able to document episodes of large output drops and large duration of economic crises, which are characteristics that vary considerably among countries. We study the duration of crises by means of count data and hazard models while we study the intensity of the crisis by means of growth regressions. Our main findings suggest that fiscal expenditure has low power to shorten economic crises but it might act as an effective instrument to smooth output-drops during crises. [O] . Rodrigo Cerda. 100

机译：政府支出对经济危机持续时间和强度的影响：拉丁美洲1900-2000摘要：我们利用来自20个拉丁美洲国家的一个世纪的数据，研究了经济危机事件中财政支出的作用。我们使用产出下降作为表明经济危机中断的方式，我们能够记录大量产出下降和大量经济危机的情况，这些特征在各国之间差异很大。我们通过计数数据和危险模型研究危机的持续时间，同时我们通过增长回归来研究危机的强度。我们的主要研究结果表明，财政支出在缩短经济危机方面的能力较弱，但它可能成为在危机期间平稳减产的有效工具。

The emergence of economic trading blocs : the role of Japan and the implications for Latin America

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