Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement PDF Download
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Author: Shafik Hebous
Publisher: International Monetary Fund
ISBN: 1513578723
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
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 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.
Author: Shafik Hebous
Publisher: International Monetary Fund
ISBN: 1513578723
Category : Business & Economics
Languages : en
Pages : 33
Get Book Here
Book Description
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 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.
Author: United States. Congress Economic Joint Committee
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 446
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Book Description
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Publisher:
ISBN:
Category : Cost control
Languages : en
Pages : 436
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Book Description
Reviews DOD procurement practices and spending reduction efforts.
Author: Ray Ward
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 154
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Book Description
Author: Ray Ward
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 144
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Book Description
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 258
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Book Description
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Publisher:
ISBN:
Category : Cost control
Languages : en
Pages : 432
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Book Description
Discusses economic impact of Federal expenditures and the possible impact of cost reduction programs.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264056521
Category :
Languages : en
Pages : 142
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Book Description
The OECD Principles for Integrity in Public Procurement are a ground-breaking instrument that promotes good governance in the entire procurement cycle, from needs assessment to contract management.
Author: Aris Georgopoulos
Publisher: Oxford University Press
ISBN: 0198796749
Category : Business & Economics
Languages : en
Pages : 646
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Book Description
This book examines how international norms for government procurement are reflected in purchasing practices at the national level and whether there is convergence in policies and approaches across countries.
Author: Paul C. Light
Publisher: Brookings Institution Press
ISBN: 9780815720157
Category : Political Science
Languages : en
Pages : 264
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Book Description
This book addresses a seemingly simple question: Just how many people really work for the federal government? Official counts show a relatively small total of 1.9 million full-time civil servants, as of 1996. But, according to Paul Light, the true head count is nearly nine times higher than the official numbers, with about 17 million people actually providing the government with goods and services. Most are part of what Light calls the "shadow of government"—nonfederal employees working under federal contracts, grants, and mandates to state and local governments. In this book--the first that attempts to establish firm estimates of the shadow work force-- he explores the reasons why the official size of the federal government has remained so small while the shadow of government has grown so large. Light examines the political incentives that make the illusion of a small government so attractive, analyzes the tools used by officials to keep the official headcount small, and reveals how the appearance of smallness affects the management of government and the future of the public service. Finally, he points out ways the federal government can better manage the shadow work force it has built over the past half-century.
