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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...
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regions as well. The productivity of public capital based on this natural experimental identification strategy indicates … higher productivity due to public capital than indicated by the OLS estimation. -- Public Capital ; Productivity ; Political …
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