Overview
- Includes supplementary material: sn.pub/extras
Part of the book series: Kieler Studien - Kiel Studies (KIELERSTUD, volume 331)
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Keywords
- Capital Stock
- Fiscal Policy
- Infrastructure
- OECD Countries
About this book
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.
Authors and Affiliations
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.
Bibliographic Information
Book Title: The Dynamic Macroeconomic Effects of Public Capital
Book Subtitle: Theory and Evidence for OECD Countries
Authors: Christophe Kamps
Series Title: Kieler Studien - Kiel Studies
Publisher: Springer Berlin, Heidelberg
Copyright Information: Springer-Verlag Berlin Heidelberg 2004
Hardcover ISBN: 978-3-540-23897-3Published: 22 December 2004
Series ISSN: 0340-6989
Edition Number: 1
Number of Pages: XIV, 240