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Return on Political Investment in the American Jobs Creation Act of 2004
Accounting Business and Government Relations Corporate Finance United States
2015/4/28
Prior literature raises a "puzzle" of high rates of return on corporate political investment, but evidence for this puzzle is largely descriptive in nature. We exploit the setting of the American Jobs...
Before the Great Depression of the 1930s, the notion that government
ought to be responsible for creating jobs would have seemed
absurd. Today, however, we commonly hear aspiring politicians
declar...