“…Now, in the long term, government investment affects productivity positively (see, e.g., Aschauer, 1989; Galstyan & Lane, 2009a; International Monetary Fund, 2014; OECD, 2016; Pressman, 1994; Zavaleta & Cruz, 2019). For example, health‐care and educational expenditures are likely to generate a healthier and more educated labor force, affecting their productivity positively.…”