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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries

The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries

Kamps, Christophe

Hardcover

Series: Kieler Studien - Kiel Studies, Book 331

EconomicsInvesting & Finance

ISBN10: 3540238972
ISBN13: 9783540238973
Publisher: Springer
Published: Dec 22 2004
Pages: 240
Weight: 1.20
Height: 0.80 Width: 6.30 Depth: 9.30
Language: English
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.

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