Boscá, José E.; Cutanda, Antonio; Escribá, Javier - In: Investigaciones Economicas 30 (2006) 2, pp. 207-237
In this paper we use a sample of 15 OECD countries to examine whether provision of public and private capital satisfies conditions of intertemporal efficiency over the 1970-1995 period. We find robust evidence that private and public capital have followed criteria of efficient resource...