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In: Journal of international economics, Volume 116, p. 1-32
ISSN: 0022-1996
In: Journal of economic dynamics & control, Volume 87, p. 94-105
ISSN: 0165-1889
In: Journal of international economics, Volume 109, p. 43-67
ISSN: 0022-1996
SSRN
SSRN
In: The economic journal: the journal of the Royal Economic Society, Volume 127, Issue 603, p. 1568-1597
ISSN: 1468-0297
In: The Economic Journal, Volume 127, Issue 603, p. 1568-1597
SSRN
In: Journal of economic dynamics & control, Volume 57, p. 205-226
ISSN: 0165-1889
We show that unexpected increases in defense and total government spending increase total factor productivity (TFP) and output and decrease investment in US quarterly data. Yet, the output multiplier is zero when the TFP response is shut down. We examine various explanations for this phenomenon and _nd that the rise in TFP is due to the presence of measurement error in quarterly data. Anticipated increases in military spending are not a_ected by the presence of measurement error and induce sizeable multipliers.
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In: Journal of international economics, Volume 108, p. 368-376
ISSN: 0022-1996
In: Journal of International Economics, Volume 108
SSRN