The Dynamic Macroeconomic Effects of Public Capital
(Sprache: Englisch)
This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a...
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This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents a new database that provides internationally comparable capital stock estimates for 22 OECD countries for the 1960-2001 period. Building on this database, the book estimates the dynamic effects of public capital using a variety of econometric methods. The results suggest that public capital is productive in OECD countries on average. The theoretical analysis based on a dynamic general equilibrium model shows that the effects of public capital depend crucially on the way the government chooses to finance additional spending.
Autoren-Porträt von C. Kamps
Purpose and Scope of the Study.- New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960 - 2001.- Empirical Evidence for OECD Countries: The VAR Approach.- Public Capital in Dynamic General Equilibrium.- Summary and Conclusion.
Bibliographische Angaben
- Autor: C. Kamps
- 2005, 240 Seiten, Maße: 16,7 x 24 cm, Gebunden, Englisch
- Verlag: Springer
- ISBN-10: 3540238972
- ISBN-13: 9783540238973
- Erscheinungsdatum: 22.12.2004
Sprache:
Englisch
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