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

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£77.49 £75.44 £75.89 £76.34 £76.78 £77.23 £77.68 25 July 2026 09 August 2026 24 August 2026 08 September 2026 24 September 2026
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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.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
22 December 2004
Listed Since
22 December 2006

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