Ricardian equivalence
Empirical results

Ricardian equivalence

Section Title: Empirical results
Table Section Text: None

Table 1 Saving and Consumption Measures 1961–86

Year	government saving (% of potential GNP)	inflation-adjusted government saving (% of potential GNP)	consumption (% of GNP)	private saving (% of potential GNP)	inflation-adjusted private saving (% of potential GNP)	net private saving (% of GNP)

1961–65	0.3	0.4	63.05	8.2	7.5	8.25

1966–70	0.5	0.9	62.09	8.5	6.9	8.23

1971–75	1.1	1.0	62.47	8.4	6.4	9.10

1976–80	0.8	1.5	62.96	7.3	5.1	8.55

1981–86	2.8	1.4	64.72	5.6	4.5	7.47

Sentence(s)

The ratio of consumption to GNP was 62.96 percent in the 1976–1980 period, and slightly increased to 64.72 percent in the 1981–1986 period.

final_sentence: The ratio of consumption to GNP was 62.96 percent in the 1976–1980 period, and slightly increased to 64.72 percent in the 1981–1986 period.