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The Dynamic Macroeconomic Effects of Public Capital

Theory and Evidence for OECD Countries

  • Book
  • © 2004


Part of the book series: Kieler Studien - Kiel Studies (KIELERSTUD, volume 331)

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About this book

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.


  • Capital Stock
  • Fiscal Policy
  • Infrastructure
  • OECD Countries

Authors and Affiliations

  • Universität Kiel Inst. Weltwirtschaft (IfW), Kiel, Germany

    Christophe Kamps

About the author

Purpose and Scope of the Study.- New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960 - 2001.- Empirical Evidence for OECD Countries: The VAR Approach.- Public Capital in Dynamic General Equilibrium.-  Summary and Conclusion.

Bibliographic Information

  • Book Title: The Dynamic Macroeconomic Effects of Public Capital

  • Book Subtitle: Theory and Evidence for OECD Countries

  • Authors: Christophe Kamps

  • Series Title: Kieler Studien - Kiel Studies

  • Publisher: Springer Berlin, Heidelberg

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2004

  • Hardcover ISBN: 978-3-540-23897-3Published: 22 December 2004

  • Series ISSN: 0340-6989

  • Edition Number: 1

  • Number of Pages: XIV, 240

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