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Revolution. And it also had to figure out how to pay for all of it-without the benefit of any real legal authority to do so. The …
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This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
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