The Dynamic Macroeconomic Effects of Public Capital - Theory and Evidence for OECD Countries (Hardcover, 2004 ed.)

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.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Series:	Kieler Studien - Kiel Studies, 331
Release date:	December 2004
First published:	2004
Authors:	Christophe Kamps
Dimensions:	235 x 155 x 15mm (L x W x T)
Format:	Hardcover
Pages:	240
Edition:	2004 ed.
ISBN-13:	978-3-540-23897-3
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General Promotions
LSN:	3-540-23897-2
Barcode:	9783540238973

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