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The dynamic behaviour of budget components and output

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Academic year: 2021

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Figure

Table 2. Identification in the long- and short-term
Table 6. Parameters  γ  and  α
Table 7. Budget elasticities from OLS on (6)
Figure 1 – General government spending, revenue and deficit (% of GDP)  left-hand scale – revenue or spending / right-hand scale – deficit  France
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