Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2009
equivalent
to 5 percent of GDP in 2008. The Economic Growth and Tax Relief Reconciliation Act of 2001, partially
motivated by the … government investment promotes economic growth. This result, however, overlooks
the possible contractionary effects introduced by … can boost employment in the short run and promote economic growth in the long
run.18 That outcome is supported by a …