five

The Flypaper Effect

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NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14579
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The flypaper effect results when a dollar of exogenous grants-in-aid leads to significantly greater public spending than an equivalent dollar of citizen income: Money sticks where it hits. Viewing governments as agents for a representative citizen voter, this empirical result is an anomaly. Four
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2008-12-01
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