The dynamic macroeconomic effects of public capital : theory and evidence for OECD countries
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.
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- ISBN
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9783540238973
3540238972
- Dimensions
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24 cm
- Extent
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XIV, 238 S.
- Language
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Englisch
- Notes
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graph. Darst.
Literaturverz. S. 214 - 236
- Bibliographic citation
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Kieler Studien ; 331
- Classification
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Wirtschaft
- Keyword
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OECD
Infrastrukturinvestition
Dynamische Makroökonomie
Strukturelles vektor-autoregressives Modell
Allgemeines Gleichgewichtsmodell
- Event
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Veröffentlichung
- (where)
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Berlin, Heidelberg, New York
- (who)
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Springer
- (when)
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2004
- Creator
- Table of contents
- Rights
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Bei diesem Objekt liegt nur das Inhaltsverzeichnis digital vor. Der Zugriff darauf ist unbeschränkt möglich.
- Last update
- 11.06.2025, 1:41 PM CEST
Data provider
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Kamps, Christophe
- Springer
Time of origin
- 2004