Governmental activity and private capital investment

Arbeitspapier

We analyze within a dynamic model how firms decide on capital investment if the accompanying adjustment costs are a function of governmental activity. The government provides a public input and decides on the degree of rivalry. The productive public input enhances private capital productivity and reduces adjustment costs. We derive the equilibrium in which capital and investment ratio are both constant, carry out comparative dynamic analysis and discuss the model's policy implications.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper Series in Economics ; No. 26

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Firm Behavior: Theory ; Publicly Provided Goods: General ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Thema: Investition ; Infrastrukturinvestition ; Bottleneck ; Anpassungskosten ; Dynamisches Gleichgewicht ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ott, Ingrid ; Soretz, Susanne
• Ereignis: Veröffentlichung
• (wer): Universität Lüneburg, Institut für Volkswirtschaftslehre
• (wo): Lüneburg
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/28120
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ