State-Level Fiscal Policy and Economic Growth: Assessing Recovery from the 2007 Recession

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State-Level Fiscal Policy and Economic Growth: Assessing Recovery from the 2007 Recession, Is A Well-Researched Topic, It Is To Be Used As A Guide Or Framework For Your Research.

ABSTRACT

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.

TABLE OF CONTENTS

ABSTRACT ………………………………………………………………………………………………………………………….. II
ACKNOWLEDGMENTS………………………………………………………………………………………………………. III
LIST OF TABLES ………………………………………………………………………………………………………………… VI
LIST OF ILLUSTRATIONS …………………………………………………………………………………………………. VII
LIST OF ABBREVIATIONS ……………………………………………………………………………………………….. VIII
CHAPTER I – INTRODUCTION ……………………………………………………………………………………………. 1
CHAPTER II – BACKGROUND …………………………………………………………………………………………….. 3
2.1 GOVERNMENT SPENDING AND RESTRICTIONS ON SPENDING ……………………………………………………. 7
2.2 HYPOTHESES…………………………………………………………………………………………………………………… 10
CHAPTER III – METHODOLOGY ………………………………………………………………………………………. 12
3.1 DEPENDENT VARIABLES …………………………………………………………………………………………………… 12
3.2 INDEPENDENT VARIABLES ………………………………………………………………………………………………… 13
3.2.1 Government Spending. ……………………………………………………………………………………………. 13
3.2.2 Policy Climates. …………………………………………………………………………………………………….. 13
CHAPTER IV – RESULTS …………………………………………………………………………………………………… 15
4.1 RECOVERY FROM THE 2007 RECESSION ………………………………………………………………………………. 15
4.1.1 Government Spending. …………………………………………………………………………………………… 15
4.1.2 Policy Climate. ……………………………………………………………………………………………………… 17
4.2 LONG-RUN ANALYSES ……………………………………………………………………………………………………… 18
4.2.1 Government Spending. ……………………………………………………………………………………………. 18
4.2.2 Policy Climate. ………………………………………………………………………………………………………. 21
CHAPTER V – CONCLUSION …………………………………………………………………………………………….. 23

APPENDIX A – VARIABLES AND SOURCES ……………………………………………………………………… 24
WORKS CITED ………………………………………………………………………………………………………………….. 25

Additional information

Author

Nathan Barron

No of Chapters

5

No of Pages

38

Reference

YES

Format

PDF

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