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This study empirically estimates the degree of crowding out in the United Statres and Canada. The fomr of the crowding out appears to be that of transacvtions crowding out.
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This page is a summary of: AN EMPIRICAL ANALYSIS OF THE “CROWDING OUT” EFFECT OF FISCAL POLICY IN THE UNITED STATES AND CANADA, Kyklos, August 1978, Wiley,
DOI: 10.1111/j.1467-6435.1978.tb00650.x.
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