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Barro–style models of endogenous growth imply that economic growth will initially rise with an increase in taxes directed toward economically "productive" expenditures (e.g., education, highways, public safety), but will subsequently decline—consistent with a "growth hill"—as the rising...
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We find region-specific complementarity between investments in public infrastructure and education, both k-12 and postsecondary. The complementarity helps to explain how regions capture returns to investments in education even when residents are mobile, and is strong enough for the effect of...
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