The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries: 331 (Kieler Studien - Kiel Studies, 331) - Image 1

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Springer The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries: 331 (Kieler Studien - Kiel Studies, 331)

Name: The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries: 331 (Kieler Studien - Kiel Studies, 331)
Brand: Springer
Price: 76.4 GBP
Availability: InStock

Macroeconomics

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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. About the Author 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.

Product Specifications

Brand: Springer
Format: hardcover
ASIN: 3540238972
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 22 December 2004
Listed Since: 22 December 2006

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Springer The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries: 331 (Kieler Studien - Kiel Studies, 331)

About as cheap as it gets. The only time it was cheaper was 2 months ago.

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