Abstract
Public capital (or often ‘infrastructure’) encompasses the publicly provided capital facilities which form the basis for private sector economic activity.
This is a preview of subscription content, log in via an institution to check access.
Bibliography
Aschauer, D.A. (1989). Is public expenditure productive? Journal of Monetary Economics 23, 177–200.
Aschauer, D.A. (2000). Do states optimize? Public capital and economic growth. Annals of Regional Science 34, 343–64.
Barro, R.J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy 98, 103–25.
Gramlich, E.M. (1994). Infrastructure investment: a review essay. Journal of Economic Literature 32, 1176–96.
Kamps, C. 2004. New estimates of government net capital stocks for 22 OECD countries 1960–2001. Working Paper 04/67, International Monetary Fund.
Tatom, J.A. 1991. Should government spending on capital goods be raised? Federal Reserve Bank of St. Louis Review 73(2), 3–15.
Editor information
Copyright information
© 2008 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this entry
Cite this entry
Aschauer, D.A. (2008). Public Capital. In: Durlauf, S.N., Blume, L.E. (eds) The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-58802-2_1357
Download citation
DOI: https://doi.org/10.1007/978-1-349-58802-2_1357
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-78676-5
Online ISBN: 978-1-349-58802-2