Private Output, Government Capital and the Infrastructure "crisis"
Title | Private Output, Government Capital and the Infrastructure "crisis" PDF eBook |
Author | Douglas Holtz-Eakin |
Publisher | |
Pages | 23 |
Release | 1988 |
Genre | Infrastructure (Economics) |
ISBN |
Paved with Good Intentions
Title | Paved with Good Intentions PDF eBook |
Author | John A. Tatom |
Publisher | |
Pages | 28 |
Release | 1993 |
Genre | Infrastructure (Economics) |
ISBN |
Public money for private infrastructure
Title | Public money for private infrastructure PDF eBook |
Author | Timothy Irwin |
Publisher | World Bank Publications |
Pages | 66 |
Release | 2003 |
Genre | Capital investments |
ISBN | 9780821355565 |
Public Infrastructure and Growth
Title | Public Infrastructure and Growth PDF eBook |
Author | Pierre-Richard Agénor |
Publisher | World Bank Publications |
Pages | 59 |
Release | 2006 |
Genre | Children |
ISBN |
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Public Capital, Growth and Welfare
Title | Public Capital, Growth and Welfare PDF eBook |
Author | Pierre-Richard Agénor |
Publisher | Princeton University Press |
Pages | 264 |
Release | 2013 |
Genre | Business & Economics |
ISBN | 0691155801 |
Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.
Public Investment and Private Sector Growth
Title | Public Investment and Private Sector Growth PDF eBook |
Author | David Alan Aschauer |
Publisher | |
Pages | 44 |
Release | 1990 |
Genre | Business & Economics |
ISBN |
This report demonstrates the importance of public investment in physical infrastructure (roads, bridges, mass transit, electric power, sewers, etc.) to the stimulation of private sector productivity, profitability, and investment. Specifically, the report argues that the slow-down in spending for infrastructure over the past 25 years has been a major cause of the U.S. economy's poor performance since 1970.
The Macroeconomic Effects of Public Investment
Title | The Macroeconomic Effects of Public Investment PDF eBook |
Author | Mr.Abdul Abiad |
Publisher | International Monetary Fund |
Pages | 26 |
Release | 2015-05-04 |
Genre | Business & Economics |
ISBN | 1484361555 |
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.