Do defense news crowd out private investment?

被引:0
|
作者
Karaki, Mohamad B. [1 ]
Safieddine, Hadi [2 ]
机构
[1] Lebanese American Univ, Adnan Kassar Sch Business, Dept Econ, 1515 Business Bldg, Beirut, Lebanon
[2] Lebanese American Univ, Adnan Kassar Sch Business, Dept Econ, Beirut, Lebanon
关键词
Defense news; Investment; Local projection;
D O I
10.1016/j.econlet.2023.111421
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper studies the effect of U.S. defense news on private U.S. investment. We estimate linear and state-dependent local projection models and find ample evidence that defense news triggers crowding out effects on investment, especially in times of economic slack.
引用
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页数:5
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