The Dynamic Macroeconomic Effects of Public Capital

Released on by Christophe Kamps
preview-18

  • The Dynamic Macroeconomic Effects of Public Capital Book Detail

  • Author : Christophe Kamps
  • Release Date : 2004-12-22
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 262
  • ISBN 13 : 9783540238973
  • File Size : 88,88 MB
DOWNLOAD BOOK

The Dynamic Macroeconomic Effects of Public Capital by Christophe Kamps PDF Summary

Book Description: 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.

Disclaimer: www.yourbookbest.com does not own The Dynamic Macroeconomic Effects of Public Capital books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.