Georgetown University LogoGeorgetown University Library LogoDigitalGeorgetown Home
    • Login
    View Item 
    •   DigitalGeorgetown Home
    • Georgetown University Institutional Repository
    • McCourt School of Public Policy
    • Graduate Theses and Dissertations - Public Policy
    • View Item
    •   DigitalGeorgetown Home
    • Georgetown University Institutional Repository
    • McCourt School of Public Policy
    • Graduate Theses and Dissertations - Public Policy
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    An Empirical Study to Assess the Effectiveness of U.S. Fiscal Policy

    Cover for An Empirical Study to Assess the Effectiveness of U.S. Fiscal Policy
    View/Open
    View/Open: Kurt_georgetown_0076M_12165.pdf (495kB) Bookview

    Creator
    Kurt, Ahmet
    Advisor
    Wise, Andrew
    Abstract
    As did many advanced economies, the U.S. economy experienced severe economic problems in 2008 and 2009, and the effects continue. In response to the global financial crisis, the U.S. government relied on a large fiscal stimulus package, known as the American Recovery and Reinvestment Act of 2009 (ARRA), to restore the economy. The governments of some U.S. states also increased their spending with the same purpose. As distinct from many recent studies, which evaluate the effectiveness of fiscal stimulus packages, using cross-country panel data sets, this study examines the effectiveness of these measures, using state level economic and budgetary data and data on ARRA contributions to each state. In relation to the effect of total ARRA spending on economic growth, I find statistically and economically significant positive results in both the state fixed effect and the ordinary least square models. However, when I break down the total ARRA spending into subcategories, while I find a stronger positive effect for the tax benefits, I get statistically significant negative coefficients on the entitlements and the state budget deficits in some regressions. I also find statistically insignificant results regarding the other ARRA subcategory, the contract, grants and loans.
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/558607
    Date Published
    2013
    Subject
    American Recovery and Reinvestment Act; ARRA; Economic growth and fiscal policy; Public Spending Multiplier; U.S. Fiscal Policy; Public policy; Economics; Public policy; Economics;
    Type
    thesis
    Publisher
    Georgetown University
    Extent
    48 leaves
    Collections
    • Graduate Theses and Dissertations - Public Policy
    Metadata
    Show full item record

    Related items

    Showing items related by title, author, creator and subject.

    • Cover for An evaluation of the effectiveness of fiscal policy during banking crises

      An evaluation of the effectiveness of fiscal policy during banking crises 

      Schirokauer, Andrea Sara. (Georgetown University, 2011)
    Related Items in Google Scholar

    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility
     

     

    Browse

    All of DigitalGeorgetownCommunities & CollectionsCreatorsTitlesBy Creation DateThis CollectionCreatorsTitlesBy Creation Date

    My Account

    Login

    Statistics

    View Usage Statistics

    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility