On Ricardian Equivalence and Twin Divergence: The Spanish ...
On Ricardian Equivalence and Twin Divergence: The Spanish ...
On Ricardian Equivalence and Twin Divergence: The Spanish ...
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ON RICARDIAN EQUIVALENCE AND TWIN DIVERGENCE IN SPAIN 312.011.010.09.08.07.06.0Households, savings <strong>and</strong> investment% of GDP13.012.011.010.09.08.07.06.05.04.019871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009 (p)Source: BBVA ERDSavingsInvestment5.04.0Figure 1: Households saving <strong>and</strong> investment rates (in percentage of GDP), Spain, 1995-2009.Figure 2: General Government Balance (in percentage of GDP), Spain, 1995-2009.
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