| The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries 2004 Edition Contributor(s): Kamps, Christophe (Author) |
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ISBN: 3540238972 ISBN-13: 9783540238973 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover Published: December 2004 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Public Finance - Business & Economics | Money & Monetary Policy |
| Dewey: 339 |
| LCCN: 2004114864 |
| Series: Kieler Studien/Kiel Studies |
| Physical Information: 0.8" H x 6.3" W x 9.3" (1.20 lbs) 240 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |
