Table 2 Estimated cumulative mutlipliers of government spending components
From: The unemployment effects of fiscal policy: recent evidence from Greece
| Â | Government purchases | Government consumption | Government investment | Government wage bill | Government transfer | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Horizon | ΣΔΥ/ΣΔGP | ΣΔu/ΣΔGP | ΣΔu/ΣΔGP (2012) | ΣΔΥ/ΣΔGC | ΣΔu/ΣΔGC | ΣΔu/ΣΔGC (2012) | ΣΔΥ/ΣΔGI | ΣΔu/ΣΔGI | ΣΔu/ΣΔGI (2012) | ΣΔΥ/ΣΔGWB | ΣΔu/ΣΔGWB | ΣΔu/ΣΔGWB (2012) | ΣΔΥ/ΣΔNGT | ΣΔu/ΣΔGTR | ΣΔu/ΣΔGTR (2012) |
Impact | 0.41 | -0.15 | -0.32 | 0.29 | -0.17 | -0.34 | 1.14 | -0.04 | -0.09 | 0.92 | -0.30 | -0.62 | 0.41 | 0.04 | 0.08 |
1st quarter | 0.54 | -0.24 | -0.49 | 0.46 | -0.25 | -0.52 | 1.03 | -0.08 | -0.17 | 2.33 | -0.72 | -1.49 | 0.42 | 0.21 | 0.44 |
1Â year | 0.93 | -0.74 | -1.54 | 1.05 | -0.96 | -2.00 | 0.85 | -0.33 | -0.69 | 6.17 | -2.72 | -5.65 | 0.38 | 0.35 | 0.72 |
2Â years | 1.28 | -0.91 | -1.89 | 1.68 | -1.55 | -3.21 | 0.72 | -0.35 | -0.73 | 12.58 | -6.25 | -12.98 | 0.33 | 0.33 | 0.69 |