Estimation of the Public Expenditure Multiplier in Science, Technology and Innovation
DOI:
https://doi.org/10.24215/26183188e102Keywords:
Argentinian economy, public investmen, long-term growth, ST&Abstract
This paper analyzes the impact of public investment in science and technology on the Argentinian economy, based on the estimation of fiscal multipliers for different components of public spending. A new view on the subject is proposed by finding a statistically significant multiplier for this purpose. The results obtained based on this type of analysis allow us to affirm that the positive effect of public spending on science and technology on the Argentine economy is significant not only in the short term, impacting the level of activity, but also in the long term, through the effect of innovation on productivity, underpinning the GDP growth trend.
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