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An estimation and decomposition of the government investment multiplier
Clemens, Marius; Michelsen, Claus; Rieth, Malte - 2025
We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general...
Persistent link: https://www.econbiz.de/10015207271
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The derivation of discount rates with an augmented measure of income
Muller, Nicholas Z. - 2016
Persistent link: https://www.econbiz.de/10011540555
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The Derivation of Discount Rates with an Augmented Measure of Income
Muller, Nicholas Z. - 2016
Most developed economies invest in public goods such as national defense, education, infrastructure, and the environment. Expenditures on public projects entail a diversion of funds away from investments in private capital. Discount rates used to evaluate such projects should reflect the rate of...
Persistent link: https://www.econbiz.de/10012984104
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The Derivation of Discount Rates with an Augmented Measure of Income
Muller, Nicholas Z. - 2016
Most developed economies invest in public goods such as national defense, education, infrastructure, and the environment. Expenditures on public projects entail a diversion of funds away from investments in private capital. Discount rates used to evaluate such projects should reflect the rate of...
Persistent link: https://www.econbiz.de/10012456100
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The derivation of discount rates with an augmented measure of income
Muller, Nicholas Z. - In: Journal of environmental economics and management : … 95 (2019), pp. 87-101
Persistent link: https://www.econbiz.de/10012285698
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Estimating an Endogenous Growth Model with Public Capital and Government Borrowing
Greiner, Alfred; Semmler, Willi - 2012
The paper presents and estimates an endogenous growth model with public capital. In contrast, however, to recent studies on economic growth and policy, we allow for capital market borrowing by the government. Since the behavior by the government (tax rates, spending and borrowing) does not...
Persistent link: https://www.econbiz.de/10014158875
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Government Spending, Taxes, and Economic Growth
Cashin, Paul Anthony - 2006
This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence...
Persistent link: https://www.econbiz.de/10012781638
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The interdependence between biodiversity and socioeconomic variables on a local level : evidence for german counties
Münch, Angela; Völkl, Wolfgang - 2011
This paper explores possible interdependence of biodiversity and several socioeconomic and political factors at the … county level. It is aimed at the empirical identification of direct and indirect effects between biodiversity (loss) and … determinant of biodiversity status. However, the impact of regional socioeconomic structures on biodiversity should not be …
Persistent link: https://www.econbiz.de/10008990042
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Public Capital and Economic Growth : Issues of Quantity, Finance, and Efficiency
Aschauer, David Alan - 1998
Over the past decade, a large body of theoretical and empirical research has considered the importance of the quantity of public capital for economic growth. For the most part, the empirical results point to a positive role for public capital in determining steady state levels of output per...
Persistent link: https://www.econbiz.de/10014052488