Kieler Studien - Kiel Studies

The Dynamic Macroeconomic Effects of Public Capital

Theory and Evidence for OECD Countries

Authors: Kamps, Christophe

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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.

About the authors

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.

Buy this book

Hardcover $189.00
price for USA
  • ISBN 978-3-540-23897-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Dynamic Macroeconomic Effects of Public Capital
Book Subtitle
Theory and Evidence for OECD Countries
Authors
Series Title
Kieler Studien - Kiel Studies
Series Volume
331
Copyright
2004
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
Hardcover ISBN
978-3-540-23897-3
Series ISSN
0340-6989
Edition Number
1
Number of Pages
XIV, 240
Topics