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The Empirical Evidence on the Ricardian Equivalence Hypothesis

  1. Journals
  2. Economics, Finance, Business & Management
  3. Credit and Capital Markets – Kredit und Kapital
  4. Vol. 21, Issue 3
  5. pp. 407–421

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de Haan, J., Zelhorst, D. The Empirical Evidence on the Ricardian Equivalence Hypothesis. Credit and Capital Markets – Kredit und Kapital, 21(3), 407-421. https://doi.org/10.3790/ccm.21.3.407
de Haan, J. and Zelhorst, D. "The Empirical Evidence on the Ricardian Equivalence Hypothesis" Credit and Capital Markets – Kredit und Kapital 21.3, 1988, 407-421. https://doi.org/10.3790/ccm.21.3.407
de Haan, J./Zelhorst, D. (1988): The Empirical Evidence on the Ricardian Equivalence Hypothesis, in: Credit and Capital Markets – Kredit und Kapital, vol. 21, iss. 3, 407-421, [online] https://doi.org/10.3790/ccm.21.3.407
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The Empirical Evidence on the Ricardian Equivalence Hypothesis

de Haan, J. | Zelhorst, D.

Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 3 : pp. 407–421

1 Citations (CrossRef)

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Additional Information

Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/ccm.21.3.407
Language
Multiple languages
Pages
15

Author Details

Dr. J. de Haan, Faculty of Economics, Rijksuniversiteit Groningen, P.O. Box 800, NL-9700 AV Groningen, Niederlande

Dr. Dick Zelhorst, Faculty of Economics, Rijksuniversiteit Groningen, P.O. Box 800, NL-9700 AV Groningen, Niederlande

Cited By

  1. A model of real and financial household behaviour

    Sterken, Elmer

    De Economist, Vol. 136 (1988), Iss. 3 P.317

    https://doi.org/10.1007/BF01151807 [Citations: 0]

References

  1. Aschauer, D. A. (1985): "Fiscal Policy and Aggregate Demand", American Economic Review, 75, 117 - 127.  Google Scholar
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  3. Barro, R. J. (1978), The Impact of Social Security on Private Saving, AEI Studies nr. 199.  Google Scholar
  4. Barth, J. R., G. Iden & F. S. Russek (1984): "Do Federal Deficits Really Matter?", Contemporary Policy Issues, 3,79 - 95.  Google Scholar
  5. Barth, J. R., G. Iden & F. S. Russek (1986a): "The Economic Consequences of Federal Deficits: An Examination of the Net Wealth and Instability Issues", Southern Economic Journal, 53, 27 - 50.  Google Scholar

Abstract

The Empirical Evidence on the Ricardian Equivalence Hypothesis

In this article the empirical evidence on the Ricardian equivalence (or debt neutrality) hypothesis which is based on consumer behaviour is reviewed. The various testing procedures are critically discussed and the outcomes of the tests are shown schematically. It appears that the results are rather sensitive with regard to the sample period chosen and to minor changes of specification. This is further illustrated for the case of Germany with specifications of the consumtion function as suggested by Seater & Mariano and Modigliani et al.

Table of Contents

Section Title Page Action Price
J. de Haan/D. Zelhorst: The Empirical Evidence on\rthe Ricardian Equivalence Hypothesis 407
I. Introduction 407
II. A Review of the Empirical Evidence 408
III. The Testing Procedures 411
IV. Empirical Estimates for Germany 413
V. Conclusions 417
Data Appendix 418
References 419
Summary: The Empirical Evidence on the Ricardian Equivalence Hypothesis 420
Zusammenfassung: Empirischer Beweis der Äquivalenzhypothese Ricardos 420
Résumé: La preuve empirique de l'hypothèse d'équivalence de Ricardo 421

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