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.
The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies
The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies - 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 (and Distributional) Effects of Public Investment in Developing Economies write by Davide Furceri. This book was released on 2017-10-20. The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies available in PDF, EPUB and Kindle. This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and medium term, with an average short-term fiscal multiplier of about 0.2. We find some evidence that the effects are larger: (i) during periods of slack; (ii) in economies operating with fixed exchange rate regimes; (iii) in more closed economies; (iv) in countries with lower public debt; and (v) in countries with higher investment efficiency. Finally, we show that increases in public investment tend to lower income inequality.
Economic Analysis and Infrastructure Investment
Economic Analysis and Infrastructure 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 Economic Analysis and Infrastructure Investment write by Edward L. Glaeser. This book was released on 2021-11-11. Economic Analysis and Infrastructure Investment available in PDF, EPUB and Kindle. "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--
The Macro-economic Effects of Public Investment
The Macro-economic 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 Macro-economic Effects of Public Investment write by . This book was released on 1987. The Macro-economic Effects of Public Investment available in PDF, EPUB and Kindle.
The Dynamic Macroeconomic Effects of Public Capital
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.
