Local Fiscal Multiplier on R&D and Science Spending: Evidence from the American Recovery and Reinvestment Act
dc.contributor.author | Chhabra, Yulia | |
dc.contributor.author | Levenstein, Margaret C. | |
dc.contributor.author | Owen-Smith, Jason | |
dc.date.accessioned | 2018-06-22T16:34:39Z | |
dc.date.available | 2018-06-22T16:34:39Z | |
dc.date.issued | 2018-06 | |
dc.identifier | 1383 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/144514 | |
dc.description.abstract | We use detailed information about American Recovery and Reinvestment Act (ARRA) spending to identify the distinctive effects R&D stimulus had on county level employment dynamics. ARRA R&D and science funding was awarded to over half the counties in the country. Counties with research universities and existing manufacturing employment were more likely to receive funding. We estimate that, over the program’s five-year disbursement period, each one million USD in R&D and science spending was associated with twenty-seven additional jobs in the county that received the stimulus and one additional job in adjacent counties. The average cost of a job for a year was less than $15,000. | en_US |
dc.subject | federal spending | en_US |
dc.subject | fiscal multiplier | en_US |
dc.subject | R&D | en_US |
dc.subject | science | en_US |
dc.subject | the American Recovery and Reinvestment Act | en_US |
dc.subject | research | |
dc.subject.classification | Management and Organizations | en_US |
dc.title | Local Fiscal Multiplier on R&D and Science Spending: Evidence from the American Recovery and Reinvestment Act | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Business (General) | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | |
dc.contributor.affiliationum | Ross School of Business | en_US |
dc.contributor.affiliationum | Institute of Social Research | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | https://deepblue.lib.umich.edu/bitstream/2027.42/144514/1/1383_Chhabra.pdf | |
dc.description.bitstreamurl | https://deepblue.lib.umich.edu/bitstream/2027.42/144514/4/1383_Chhabra_Apr19.pdf | |
dc.description.filedescription | Description of 1383_Chhabra_Apr19.pdf : April 2019 revision | |
dc.owningcollname | Business, Stephen M. Ross School of - Working Papers Series |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.