This study was prepared by Nina Czernich while she was working with the Ifo Institute for Economic Research.It was completed in December 2010 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. The study addresses the question whether the emergence of...

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...