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Opis

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.

Szczegóły książki

• Pełny tytuł: Dynamic Macroeconomic Effects of Public Capital
• Podtytuł: Theory and Evidence for OECD Countries
• Autor: C. Kamps
• Język: Angielski
• Oprawa: Twarda
• Liczba stron: 240
• EAN: 9783540238973
• ISBN: 3540238972
• ID: 01560088
• Wydawca: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Waga: 1200 g
• Wymiary: 235 × 155 × 22 mm
• Data wydania: 22. December 2004

Ulubione w innej kategorii

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