Subcontracting in Federal Spending: Micro and Macro Implications
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https://www.nber.org/papers/w34686
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This paper studies the critical but underexplored role of subcontracting in shaping the spatial and firm-level effects of federal government spending, introducing a new-channel through which fiscal shocks propagate. Using newly available data on defense subcontracts merged with firm-level data, we
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美国国家经济研究局创建时间：
2026-01-01
