Search results for "Crowding in"

Rhinitis as a risk factor for depressive mood in pre-adolescents: a new approach to this relationship

2014

Background Respiratory allergic symptoms impact on social life and school activities, influencing the patient's mood states. We evaluated the relationships between allergic respiratory diseases and depressive/anxious mood in a large sample of Italian middle school students, using the partial directed acyclic graph (P-DAG). Methods We studied 1283 subjects aged 10–13. A health respiratory questionnaire including questions relevant to socioeconomic status (HCI) and a test for depression and anxiety were administered. All subjects performed spirometry and skin prick tests. Results A causal role of rhinitis on depression was found: the likelihood of being depressed increased from 11.2 to 17.7%,…

Advances in survival analysis: applications and extensions of the "standard" competing risks model

2023

How best to measure discretionary fiscal policy? Assessing its impact on private spending

2013

We develop a novel empirical approach to assess the effect of discretionary fiscal policy on private spending consisting of three stages: 1) extract the discretionary component of fiscal policy by estimating a fiscal policy rule; 2) use the residuals of the first-stage regression to investigate the existence of crowding-in and/or crowding-out effects both in the short and the medium term; and 3) condition the response of private spending on a set of country characteristics. We find that an expansion in discretionary fiscal policy boosts growth in the short term, but is detrimental in the medium term. In addition, the empirical findings suggest that the effect of discretionary fiscal policy …

Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes

2012

This paper analyzes the dynamic impact of discretionary government consumption purchases on private demand. Using a panel of 132 countries from 1960 to 2008, we find that while discretionary changes in government consumption lead to crowding-in effects in the short run, crowding-out effects take over in the medium run. In addition, we also find that both short-term crowding-in and mediumterm crowding out effects are amplified once we control for periods of crisis.

Discovery of New Companions to High Proper Motion Stars from the VVV Survey

2013

[abridged] The severe crowding in the direction of the inner Milky Way suggests that the census of stars within a few tens of parsecs in that direction may not be complete. We search for new nearby objects companions of known high proper motion (HPM) stars located towards the densest regions of the Southern Milky Way where the background contamination presented a major problem to previous works. The common proper motion (PM) method was used--we inspected the area around 167 known HPM (>=200 mas/yr) stars: 67 in the disk and 100 in the bulge. Multi-epoch images were provided by 2MASS and the VISTA Variables in Via Lactea (VVV). The VVV is a new on-going ZYJHKs plus multi-epoch Ks survey o…

The Impact of Government Spending on the Private Sector: Crowding-Out versus Crowding-In Effects

2009

The aim of this paper is to analyze the impact of government spending on the private sector, assessing the existence of crowding-out versus crowding-in effects. Using a panel of 145 countries from 1960 to 2007, the results suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. Moreover, while the effects do not seem to depend on the different phases of economic cycle, they vary considerably among regions. The results are economically and statistically significant, and robust to several econometric techniques.

Bubbles and Crowding-in of Capital via a Savings Glut

2017

This paper uncovers a mechanism by which bubbles crowd in capital investment. If capital formation is initially depressed by a binding credit constraint, a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium attract additional savings, which are channeled to expand investment at the extensive margin, leading to permanently higher capital, output, and wages. We demonstrate that crowding-in through this channel is a robust phenomenon that occurs along the entire time path.