IESET.
Hypotheses·fiscal·capacity_gfc_stimulus_speed_output_recovery

During the 2008-2012 crisis, faster fiscal stimulus in high-capacity states predicted smaller employment losses and faster GDP recovery; in low-capacity/high-debt states, stimulus size had weaker recovery payoff and worse sovereign-risk outcomes.

REFUTEDengine/runs/capacity_gfc_stimulus_speed_output_recovery

REFUTED — coef=-0.205 (sign opposite claim +), p=0.000388

confidence cueThis test cuts against the claim as written or misses its pre-declared threshold.

policy briefNeeds review

In ordinary language

In plain terms, this asks whether government consumption share is actually linked to better or worse real income pc growth from 1990 to 2024.

plain answer

The data did not support the prediction. coef=-0.205 (sign opposite claim +), p=0.000388

why it matters

This matters because fiscal claims should change belief only when they survive a pre-declared empirical test.

how the test works

It compares 1 country or place units from 1990 to 2024, using a panel fe design, with fixed effects for country and year.

what was measured
What changed
  • Government consumption share
What we checked
  • Real income pc growth
what this does not prove

A single test is not the whole truth. It narrows the claim under a specific sample, time period, and method. Strong policy conclusions need the pattern to survive nearby tests, alternative data, and serious objections.

verification

No evidence packet has been generated yet.

Results

engine/runs/capacity_gfc_stimulus_speed_output_recovery
1007550250199020072024GLOBAL
illustrative sketch · run pending
No coefficients yet. When the model fires, this chart will show real_gdp_pc_growth across 1 sampled countries over 1990–2024.
The shapes above are stylised — none of the lines are real data.
Placeholder for capacity_gfc_stimulus_speed_output_recovery. Published chart will be generated from engine/runs/capacity_gfc_stimulus_speed_output_recovery/chart_data.json.

Who has skin in the game — schools predicting on this

17 schools list this hypothesis as a test of their position. The chips below are school-level scoreboard outcomes, not a second hypothesis verdict.

hypothesis verdict vs scoreboard outcome

The banner verdict judges this hypothesis as written. The scoreboard asks whether each school's polarity-corrected prediction was right. Raw status is not a school win: SUPPORTED supports schools that needed SUPPORTED, but refutes schools that needed REFUTED.

Austrian Business Cycle Theory (ABCT)wins if MIXEDpartial/no-callChicago School Monetarismwins if MIXEDpartial/no-callClassical Liberalwins if MIXEDpartial/no-callDegrowth / Ecological Macroeconomicswins if MIXEDpartial/no-callDemocratic Socialism (Bernsteinian revisionism + modern)wins if SUPPORTEDschool refutedStructuralist / Developmentalistwins if SUPPORTEDschool refutedEco-Socialism / Red-Greenwins if MIXEDpartial/no-callEmpirical Pragmatist (the framework's house position)wins if SUPPORTEDschool refutedNew Institutional Economicswins if SUPPORTEDschool refutedMarket Socialism (Lange-Lerner tradition)wins if SUPPORTEDschool refutedMarxian Political Economywins if MIXEDpartial/no-callMarxism-Leninism (central-planning implementation)wins if MIXEDpartial/no-callModern Monetary Theorywins if MIXEDpartial/no-callNew Keynesian (mainstream synthesis)wins if SUPPORTEDschool refutedOrdoliberalism (Freiburg School)wins if SUPPORTEDschool refutedPost-Keynesianwins if SUPPORTEDschool refutedSocial Democraticwins if SUPPORTEDschool refuted

Pre-registration

registration ordering unverified
first-spec commit 4c8ce8e · 2026-07-18T22:11:21Z
run generated · 2026-06-29T17:52:13Z
Run timestamp predates this path's first git-add commit (rebase, rename, or pre-git local run). Spec hash is still the path's first-add commit — not repository HEAD — but ordering is not a clean pre-registration proof.

During the 2008-2012 crisis, faster fiscal stimulus in high-capacity states predicted smaller employment losses and faster GDP recovery; in low-capacity/high-debt states, stimulus size had weaker recovery payoff and worse sovereign-risk outcomes.

Falsification criterion — what would disprove this

set before the run · honoured after

This hypothesis is considered falsified if:

SUPPORTED if the primary treatment coefficient has the pre-registered + sign at p<=0.10 with minimum sample gates. REFUTED if the coefficient has the opposite sign at p<=0.10. Otherwise PARTIAL; missing data or failed sample gates are INCONCLUSIVE_DATA_PENDING.

formal test & threshold
test:      panel_fe_capacity_gfc_stimulus_speed_output_recovery
threshold: [object Object]

Method

Template
panel_fe
Fixed effects
country, year
Clustering
country
Sample
1 countries · 1990 – 2024
Evidence type
associational

Alias-batch panel fixed effects screen. The proxy source is explicitly local and runnable, but exact policy semantics should be upgraded before scoreboard conversion.

Data

VariableSourceTransform
real_gdp_pc_growth
outcome
world_bank_wdi:NY.GDP.PCAP.KD.ZGtier 2
level
government_consumption_share
treatment
world_bank_wdi:NE.CON.GOVT.ZStier 2
level_lagged_one_year
log_gdp_pc
control
world_bank_wdi:NY.GDP.PCAP.KDtier 2
log
trade_openness
control
world_bank_wdi:NE.TRD.GNFS.ZStier 2
level
government_effectiveness
control
wgi:GE.ESTtier 4
level

● ready  · ● pending  · ● reconstruct-needed

Detailed result card

Result card — capacity_gfc_stimulus_speed_output_recovery

Verdict: REFUTED — coef=-0.205 (sign opposite claim +), p=0.000388

Pre-registration

  • Claim: During the 2008-2012 crisis, faster fiscal stimulus in high-capacity states predicted smaller employment losses and faster GDP recovery; in low-capacity/high-debt states, stimulus size had weaker recovery payoff and worse sovereign-risk outcomes.
  • Falsification rule: SUPPORTED if the primary treatment coefficient has the pre-registered + sign at p<=0.10 with minimum sample gates. REFUTED if the coefficient has the opposite sign at p<=0.10. Otherwise PARTIAL; missing data or failed sample gates are INCONCLUSIVE_DATA_PENDING.
  • Falsification test: panel_fe_capacity_gfc_stimulus_speed_output_recovery

Estimate

  • Method: linearmodels.PanelOLS
  • Coefficient (treatment): -0.205
  • Std error: 0.05773
  • p-value: 0.000388
  • Observations: 3498, countries: 149
  • Within R²: 0.0336
  • Fixed effects: entity=True, time=True
  • Clustering: country

Variables resolved

  • world_bank_wdi:NY.GDP.PCAP.KD.ZG → real_gdp_pc_growth (outcome, publisher=world_bank_wdi, n=13897)
  • world_bank_wdi:NE.CON.GOVT.ZS → government_consumption_share (treatment, publisher=world_bank_wdi, n=9133)
  • world_bank_wdi:NY.GDP.PCAP.KD → log_gdp_pc (controls, publisher=world_bank_wdi, n=12104)
  • world_bank_wdi:NE.TRD.GNFS.ZS → trade_openness (controls, publisher=world_bank_wdi, n=10714)
  • wgi:GE.EST → government_effectiveness (controls, publisher=wgi, n=5168)

Generated by scripts/run_panel_fe.py at 2026-06-29T17:52:13+00:00

Strongest opposing argument

Every hypothesis ships with its charitable opposing argument. The framework earns credibility by handling objections at their strongest, not weakest.

Notes

Source shard: engine/audits/swarm_2026-05-22_200_hypotheses_worker_C_state_capacity_mixed.md. Backlog source families: not specified. Alias proxy used: world_bank_wdi:NE.CON.GOVT.ZS -> world_bank_wdi:NY.GDP.PCAP.KD.ZG. Initial promotion pass left scoreboard mapping empty; mapped by the 2026-05-22 swarm scoreboard conversion v1.

Authored framework. Read the transparency note.