The Multiplier for Federal Spending in the States During the Great Depression
Bibliographic Data
| ID | 5753465 |
|---|---|
| Authors | Price Fishback (University of Arizona), Valentina Kachanovskaya (University of Arizona) |
| Year | 2015 |
| Volume | 75 |
| Issue | 1 |
| Pages | 125-162 |
| Publication date | 2015-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050715000054 |
| OpenAlex | W2009851729 |
| Language | EN |
| Citations received | 14 |
| References cited | 47 |
To estimate the impact of federal spending on state incomes, we develop an annual panel data set between 1930 and 1940. Using panel methods we estimate that an added dollar of federal spending in the state increased state per capita income by between 40 and 96 cents. The point estimates for nonfarm grants are higher and for AAA farm grants are much smaller and negative in some cases. The spending led to increase in durable good spending on automobiles but had no positive effects on private employment
Agriculture · Demographic economics · Econometrics · Economics · Geography · Great Depression · Liberian dollar · Nonfarm payrolls · Panel data · Per capita · State (computer science) · Demography · Economic Growth and Productivity · Finance · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
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| Unique citing works | 14 |
|---|---|
| Citations per year | 1,27 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 14 |