Optimal Public Investment, Growth, and Consumption - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Public Investment, Growth, and Consumption write by Augustin Kwasi Fosu. This book was released on 2011. Optimal Public Investment, Growth, and Consumption available in PDF, EPUB and Kindle.
Optimal Public Investment, Growth, and Consumption
Optimal Public Investment, Growth, and Consumption - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Public Investment, Growth, and Consumption write by Augustin Kwasi Fosu. This book was released on 2014. Optimal Public Investment, Growth, and Consumption available in PDF, EPUB and Kindle.
Public Investment Criteria
Public Investment Criteria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Public Investment Criteria write by Stephen A. Marglin. This book was released on 1967. Public Investment Criteria available in PDF, EPUB and Kindle. Essay on public investment criteria and the role of cost benefit analysis in the implementation of economic planning for economic development in India - criteria include consumption benefits, costs, time factor, interest, budgetary constraints, risk and dynamics. References pp. 100 and 101.
The Macroeconomic Effects of Public Investment
The Macroeconomic Effects of Public Investment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Macroeconomic Effects of Public Investment write by Mr.Abdul Abiad. This book was released on 2015-05-04. The Macroeconomic Effects of Public Investment available in PDF, EPUB and Kindle. This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.
Economic Growth with an Optimal Public Spending Composition
Economic Growth with an Optimal Public Spending Composition - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Growth with an Optimal Public Spending Composition write by Been-Lon Chen. This book was released on 2010. Economic Growth with an Optimal Public Spending Composition available in PDF, EPUB and Kindle. This paper uses a one-sector, endogenous growth model to study optimal composition between public investment and consumption in government expenditure and its relationships with economic growth. Assuming a benevolent government which maximizes a representative household's lifetime utilities, the paper determines the unique, interior public investment share in government's budgets, which is determined by policy and structural parameters, and finds that the conventional determinants of economic growth now generate stronger growth effects, via their indirect impacts upon optimal public spending composition. The effects emerge from raising the marginal utility of private consumption, relative to the marginal utility of public consumption, thereby inducing public investment and increasing economic growth. Our quantitative results suggest that the growth effect is sizable. The large growth effect via optimal public investment in our model has implications for East Asian economic growth miracles where public investment share and economic growth are both higher than other area's countries.
