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State-Level Fiscal Policy And Economic Growth: Assessing Recovery From The 2007 Recession, Nathan Barron
State-Level Fiscal Policy And Economic Growth: Assessing Recovery From The 2007 Recession, Nathan Barron
Master's Theses
This research examines state-level fiscal policy responses to the 2007 recession, with a particular focus on the short- and long-run effectiveness of government spending at achieving economic growth. Using OLS regression models to test the impact of government spending, institutional constraints, and economic policy climates on economic growth, this research shows that government spending has a positive impact on growth that decreases into a negative impact over time. Additionally, institutional constraints are consistently found to hinder growth while the effects of policy climate are mixed.