The Dynamic Macroeconomic Effects of Public Capital

Theory and Evidence for OECD Countries

Christophe Kamps (Autor)

Buch | Hardcover

XIV, 240 Seiten

2004 | 2004
Springer Berlin (Verlag)
978-3-540-23897-3 (ISBN)

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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.

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.

Erscheint lt. Verlag	22.12.2004
Reihe/Serie	Kieler Studien - Kiel Studies
Zusatzinfo	XIV, 240 p.
Verlagsort	Berlin
Sprache	englisch
Maße	155 x 235 mm
Gewicht	550 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Capital Stock • Fiscal Policy • Infrastructure • Makroökonomie • OECD • OECD Countries • Öffentliche Wirtschaft
ISBN-10	3-540-23897-2 / 3540238972
ISBN-13	978-3-540-23897-3 / 9783540238973
Zustand	Neuware