Can government demand stimulate private investment? : evidence from U.S. federal procurement /
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| Author / Creator: | Hebous, Shafik, (IMF staff) |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, 2016. ©2016 |
| Description: | 1 online resource (33 pages) : illustrations. |
| Language: | English |
| Series: | IMF Working Paper ; WP/16/60 IMF working paper ; WP/16/60. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504823 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 16/60eb | |
| 100 | 1 | |a Hebous, Shafik, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2016036029 | |
| 245 | 1 | 0 | |a Can government demand stimulate private investment? : |b evidence from U.S. federal procurement / |c Shafik Hebous and Tom Zimmerman. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2016. | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (33 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Paper ; |v WP/16/60 | |
| 500 | |a "March 2016." | ||
| 500 | |a "Fiscal Affairs Department." | ||
| 504 | |a Includes bibliographical references (pages 29-31). | ||
| 520 | |a We study the effects of federal purchases on firms investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms capital investment by 7 to 11 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms access to external borrowing. Furthermore, industry-level analysis suggests that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed March 16, 2016). | |
| 505 | 0 | |a Cover -- Contents -- Abstract -- I. Introduction -- II. Hypothesis Development -- III. Data -- A. Federal Procurement Data -- B. Firm-Level Data -- IV. Empirical Analysis -- A. Specification -- B. Baseline Results -- V. Anticipation and Robustness -- A. Are Competitive Contracts Anticipated? -- B. Robustness to Model Specification -- C. Robustness to Contract Selection -- D. Conclusion -- References. | |
| 650 | 0 | |a Investments |x Econometric models. | |
| 650 | 0 | |a Government purchasing |x Econometric models. | |
| 650 | 6 | |a Investissements |x Modèles économétriques. | |
| 650 | 7 | |a Government purchasing |x Econometric models. |2 fast |0 (OCoLC)fst00945551 | |
| 650 | 7 | |a Investments |x Econometric models. |2 fast |0 (OCoLC)fst00978254 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Zimmerman, Tom G., |e author. |0 http://id.loc.gov/authorities/names/n2001014926 | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n81027435 | |
| 776 | 0 | 8 | |i Print version: |a Hebous, Shafik. |t Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement : |d Washington, D.C. : International Monetary Fund, ©2016 |z 9781513578729 |
| 830 | 0 | |a IMF working paper ; |v WP/16/60. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2016/060/001.2016.issue-060-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 16/60eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2016/060/001.2016.issue-060-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12149157 | ||