Federal capital expenditures and budget deficits: Gross national product and labor implications

Lawrence A. Gordon, Morris M. Kleiner, R. Natarajan

    Research output: Contribution to journalArticlepeer-review

    5 Scopus citations

    Abstract

    The issue of separating capital from operating expenditures has been largely ignored in discussions of the U.S. Federal Government's deficit. This paper attempts to overcome this void by conducting a simulation experiment designed to assess the macroeconomic consequences of separating capital from current expenditures under several alternative balanced budget rules and financing arrangements. The alternatives considered are directly related to management accounting issues and thus the purpose of this paper can be seen as compatible with the literature on the relationship between accounting techniques and economic analyses. The results of the study reaffirm the need for federal capital investment planning.

    Original languageEnglish (US)
    Pages (from-to)217-232
    Number of pages16
    JournalJournal of Accounting and Public Policy
    Volume5
    Issue number4
    DOIs
    StatePublished - 1986

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