The Dynamic Macroeconomic Effects of Public Capital - 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 Dynamic Macroeconomic Effects of Public Capital write by Christophe Kamps. This book was released on 2004-12-22. The Dynamic Macroeconomic Effects of Public Capital available in PDF, EPUB and Kindle. 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.
Dynamic Macroeconomic Effects of Public Capital
Dynamic Macroeconomic Effects of Public Capital - 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 Dynamic Macroeconomic Effects of Public Capital write by Valter Di Giacinto. This book was released on 2009. Dynamic Macroeconomic Effects of Public Capital available in PDF, EPUB and Kindle.
The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade
The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade - 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 Capital Controls and the Stabilization of the Balance of Trade write by Mr.Enrique G. Mendoza. This book was released on 1990-11-01. The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade available in PDF, EPUB and Kindle. A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail.
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.
Public Capital and Growth
Public Capital and Growth - 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 Capital and Growth write by Mr.Serkan Arslanalp. This book was released on 2010-07-01. Public Capital and Growth available in PDF, EPUB and Kindle. This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.
