This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …

This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …

infrastructure on economic performance in terms of gains in profits, cost savings, as well as in terms of productivity growth …

investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … negative effects on profits, but, interestingly, the effects of government spending on investment are larger than the effect of …

investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … negative effects on profits, but, interestingly, the effects of government spending on investment are larger than the effect of …