Public Finance

Public Investment Using Debt Financing and the Effect on Economic Activity: Perspectives for the State of Arizona


Dennis Hoffman, Ph.D.
Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

Discusses the use of long-term debt by governments to finance long-lasting infrastructure projects. Includes an empirical analysis of the relationship between debt burdens and economic growth.


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Dennis Hoffman, Ph.D.
Dennis Hoffman, Ph.D.
Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.


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