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Intratemporal elasticity of substitution between private and public consumption: new evidence and implications
This paper estimates the intratemporal elasticity of substitution (IES) between private and public consumption in private utility. Using panel data for 17 European countries over 1970-2018, we estimate the IES to lie between 0.6 and 0.74. When combined with the relevant intertemporal elasticity of s...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10081823/ https://www.ncbi.nlm.nih.gov/pubmed/37361959 http://dx.doi.org/10.1007/s00181-023-02387-w |