Can Government Demand Stimulate Private Investment? : Evidence from U.S. Federal Procurement /
We study the effects of federal purchases on firms' investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms' capital investment by 7 to 11 ce...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2016/060 |
| Accesso online: | Full text available on IMF |