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Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown
Cassou, Steven P.; Lansing, Kevin J. - 1998
This paper: (1) shows that optimal transition dynamics in a simple endogenous growth model can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 or so years; (2) shows that the observed decline in the U.S. ratio of public to private capital...
Persistent link: https://www.econbiz.de/10014220660
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Optimal Fiscal Policy, Public Capital and the Productivity Slowdown
Lansing, Kevin J.; Cassou, Steven P. - 1997
This paper develops a quantitative theoretical model for the optimal provision of public capital. We show that the ratio of public to private capital in the U.S. economy since 1925 evolves in a manner that is broadly consistent with an optimal transition path derived from a simple growth model....
Persistent link: https://www.econbiz.de/10014207159
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Can Fiscal Policy Explain Technical Inefficiency of Privatised Firms? A Parametric and Non-Parametric Approach
D'Orio, Giovanni; Alfano, Maria Rosaria - 2002
(Stochastic Frontier, Data Envelopment Analysis and Neural Network) are consistent. In fact, we see that privatization enhanced …
Persistent link: https://www.econbiz.de/10014108047
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Explaining economic policy reversals
Hood, Christopher - 1994
Persistent link: https://www.econbiz.de/10000885025
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Reforma econômica, democratização e ordem legal no Brasil
Sola, Lourdes - 1995
Persistent link: https://www.econbiz.de/10000934823
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A nation of millionaires : unleashing America's economic potential
Genetski, Robert J. - 1997
Persistent link: https://www.econbiz.de/10000966892
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Evidence on the Fiscal and Macroeconomic Impact of Privatization
Barnett, Steven A. - 2021
This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic … performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically …. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving …
Persistent link: https://www.econbiz.de/10013317876
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Fiscal Assessment of Electricity Privatisation in Thailand
Sirasoontorn, Puree - 2005
restructuring and deregulation in the electricity market and high-powered regulatory reform to enhance large efficiency improvements …
Persistent link: https://www.econbiz.de/10014066562
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Fiscal Policy and Productivity Growth in the OECD
Cassou, Steven P.; Lansing, Kevin J. - 1999
We use a simple endogenous growth model with productive public capital to investigate the degree to which observed fiscal policies in eight OECD countries can account for slowdowns in the growth rates of aggregate labor productivity since 1970. In model simulations, we find that none of the...
Persistent link: https://www.econbiz.de/10014200464