Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement PDF Download
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Author: Shafik Hebous Publisher: International Monetary Fund ISBN: 1513578723 Category : Business & Economics Languages : en Pages : 33
Book Description
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 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.
Author: Shafik Hebous Publisher: International Monetary Fund ISBN: 1513578723 Category : Business & Economics Languages : en Pages : 33
Book Description
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 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.
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation Publisher: ISBN: Category : Cost control Languages : en Pages : 436
Book Description
Reviews DOD procurement practices and spending reduction efforts.
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation Publisher: ISBN: Category : Government purchasing Languages : en Pages : 258
Author: OECD Publisher: OECD Publishing ISBN: 9264056521 Category : Languages : en Pages : 142
Book Description
The OECD Principles for Integrity in Public Procurement are a ground-breaking instrument that promotes good governance in the entire procurement cycle, from needs assessment to contract management.
Author: Paul C. Light Publisher: Brookings Institution Press ISBN: 9780815720157 Category : Political Science Languages : en Pages : 264
Book Description
This book addresses a seemingly simple question: Just how many people really work for the federal government? Official counts show a relatively small total of 1.9 million full-time civil servants, as of 1996. But, according to Paul Light, the true head count is nearly nine times higher than the official numbers, with about 17 million people actually providing the government with goods and services. Most are part of what Light calls the "shadow of government"—nonfederal employees working under federal contracts, grants, and mandates to state and local governments. In this book--the first that attempts to establish firm estimates of the shadow work force-- he explores the reasons why the official size of the federal government has remained so small while the shadow of government has grown so large. Light examines the political incentives that make the illusion of a small government so attractive, analyzes the tools used by officials to keep the official headcount small, and reveals how the appearance of smallness affects the management of government and the future of the public service. Finally, he points out ways the federal government can better manage the shadow work force it has built over the past half-century.
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation Publisher: ISBN: Category : Cost control Languages : en Pages : 434
Book Description
Discusses economic impact of Federal expenditures and the possible impact of cost reduction programs.
Author: Aris Georgopoulos Publisher: Oxford University Press ISBN: 0198796749 Category : Business & Economics Languages : en Pages : 646
Book Description
This book examines how international norms for government procurement are reflected in purchasing practices at the national level and whether there is convergence in policies and approaches across countries.
Author: Shafik Hebous
Author: Shafik Hebous
Author: United States. Congress Economic Joint Committee
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Author: Ray Ward
Author: Ray Ward
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Author: OECD
Author: Paul C. Light
Author: United States. Congress. Joint Economic Committee. Subcommittee on Federal Procurement and Regulation
Author: Aris Georgopoulos