Deficit spending has both its supporters and detractors. Supporters argue that such spending stimulates the economy in a typical Keynesian way. Detractors assert that economic growth is hampered by persistent government deficits largely because of a crowding out effect. The current paper utilizes a Feder Growth Model approach to analyze the impact of deficit spending on economic growth.
Adam C. Kohn and Jeannette Mitchell. "Deficit Spending and Economic Growth: A Feder Growth Model Approach." Proceedings of the New York State Economics Association. vol. 5, October 2012, p. 110-116
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