The purpose of this paper is to provide a better understanding of the relationship between budget deficits and private investment and to contribute to the discussion of whether or not such a relationship exists. We test the robustness of Cebula's (1985) model by extending the time period, by testing the model using a proxy for one of the variables, and by de-trending the variables.
"Crowding Out and Government Spending,"
University Avenue Undergraduate Journal of Economics: Vol. 2:
1, Article 1.
Available at: https://digitalcommons.iwu.edu/uauje/vol2/iss1/1