Current Search: Investment analysis (x)
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Title
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The impact and effectiveness of capital investments in the American Recovery and Reinvestment Act of 2009: an assessment using Keynes economic theory.
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Creator
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Byaruhanga, Vincent, Thai, Khi V., Florida Atlantic University, College for Design and Social Inquiry, School of Public Administration
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Abstract/Description
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The purpose of this study is to find out the effect of government spending on capital investments in the American Recovery and Reinvestment Act (ARRA) of 2009 on GDP and employment growth. This research utilized US quarterly data from 2003 QI to 2013 QII. In the first part the research used variables from the Keynes economic model and utilized two-stage least square analysis to assess the effect of government spending on GDP. The results from the regression analysis indicate that an increase...
Show moreThe purpose of this study is to find out the effect of government spending on capital investments in the American Recovery and Reinvestment Act (ARRA) of 2009 on GDP and employment growth. This research utilized US quarterly data from 2003 QI to 2013 QII. In the first part the research used variables from the Keynes economic model and utilized two-stage least square analysis to assess the effect of government spending on GDP. The results from the regression analysis indicate that an increase of one dollar in government spending increases GDP by 1.569 dollars. The researcher found that the general government spending multiplier was 1.9. The coefficient for government spending in the Recovery Act was 0.383, implying that for every one dollar in government spending, Recovery Act spending on capital investments contributed 0.383 dollars.
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Date Issued
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2014
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PURL
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http://purl.flvc.org/fau/fd/FA00004183, http://purl.flvc.org/fau/fd/FA00004183
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Subject Headings
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Business cycles -- United States -- History -- 21st century, Investment analysis, Keynes, John Maynard -- 1883-1946, Keynesian economics -- Mathematical models, Solow growth model, Solow, Robert M., United States -- American Recovery and Reinvestment Act of 2009
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Format
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Document (PDF)
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