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The Dynamic Macroeconomic Effects of Public Capital on Hardback by Christophe Kamps
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The Dynamic Macroeconomic Effects of Public Capital

Theory and Evidence for OECD Countries
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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.

Author Biography:

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.
Release date Australia
December 22nd, 2004
Audience
  • Professional & Vocational
Illustrations
XIV, 240 p.
Pages
240
Dimensions
156x234x15
ISBN-13
9783540238973
Product ID
5805482

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