By financing public goods and services that enhance productivity and promote private investment, public spending is widely believed to be critical for long-run growth. Such effects are distinct from any short-run Keynesian response to a public spending stimulus. While a short-run response generally operates through aggregate demand, long-run growth effects alter aggregate supply conditions. While academic literature generally supports the belief that...
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INFORMATION
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2012/12/01
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Fiche
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74074
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1
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1
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2012/11/29
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Disclosed
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Public spending for long-run growth : a practitioners' view
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Public Spending
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