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Comment on ‘Infrastructure Spending and Unemployment: Government Responsibility for Growth and Jobs’
Author(s) -
McDonald Ian M.
Publication year - 1997
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/1467-8462.304042
Subject(s) - unemployment , economics , government (linguistics) , investment (military) , labour economics , public spending , public investment , public economics , public infrastructure , government spending , business , economic growth , public fund , market economy , politics , political science , linguistics , philosophy , welfare , law
The level of public investment in infrastructure should be decided by cost‐benefit analysis. To use the employment consequences as an additional criterion to the cost‐benefit test, as Kenyon argues, would probably be counterproductive for the aggregate level of employment.