Aghion, Philippe; Hémous, David; Kharroubi, Enisse - In: Journal of Monetary Economics 62 (2014) C, pp. 41-58
What are the effects of cyclical fiscal policy on industry growth? We show that industries with a relatively heavier reliance on external finance or lower asset tangibility tend to grow faster (in terms of both value added and of labor productivity growth) in countries that implement fiscal...