We provide a comprehensive survey of the recent literature on the link between productive government expenditure and … recommendations. Moreover, the inclusion of hitherto unexplored types of government expenditure, e. g., on the "rule of law", would be …

inequality. In contrast to the conventional wisdom that the financing of additional expenditures by debt rather than taxes …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … instrument: government relief expenditure in the wake of natural disasters which is more similar in its scope to general …

defense expenditures. On the revenue side, both direct and indirect taxation tend to decrease profits. However, a more … of different spending and taxation items. As far as public spending is concerned, our results strongly suggest that … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …