TY  - JOUR
T1  - Fiscal Multiplier in Egypt: A SVAR Approach
AU - Nafie, Yousra AU - Mohamed Atlam, Baher 
JO  - The Social Sciences
VL  - 14
IS  - 6
SP  - 255
EP  - 265
PY  - 2019
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2019.255.265
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2019.255.265
KW  - Fiscal multiplier
KW  -structural vector autoregressive model
KW  -Egypt
KW  -estimationt
KW  -empirically
KW  -debt
services
AB  - In this study, we empirically estimate the fiscal multiplier in Egypt using a Structural Vector
Autoregressive Model (SVAR) with quarterly data for the period 1990-2015. The estimation results show that
the fiscal multiplier was positive and >1 during the first year, then turned negative for the subsequent years.
Our results suggest that the low fiscal multiplier is an indication of the weak impact of government spending
on real GDP during the period of the study. We argue in the study that low value of the fiscal multiplier is due
to the rising shares of subsidies and debt services cost in government spending.
ER  -