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Dynamic analysis of reductions in public debt in an endogenous growth model with public capital
Maebayashi, Noritaka; Hori, Takeo; Futagami, Koichi - Graduate School of Economics, Osaka University - 2012
welfare of the economy. Fiscal consolidation has contractionary effects on economy in the short run, whereas it has positive … spending improves social welfare. Importantly, as the size of debt-reductions is larger and as the government reduces its debts … at a higher speed, the welfare improves more. …
Persistent link: https://www.econbiz.de/10010938666
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Dynamic analysis of reductions in public debt in an endogenous growth model with public capital
Maebayashi, Noritaka; Hori, Takeo; Futagami, Koichi - Graduate School of Economics, Osaka University - 2012
welfare of the economy. We show that fiscal consolidation has contractionary ef- fects on the economy in the short run, but … cuts improves social welfare and attains larger welfare gains than consolidation that com- bines a tax increase with … reduction increase, welfare improves even further. …
Persistent link: https://www.econbiz.de/10010907600
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Fiscal and Monetary Policy in an Endogenous Growth Model with Public Capital
Tamai, Toshiki - In: FinanzArchiv: Public Finance Analysis 64 (2008) 4, pp. 403-421
of consumption. These dynamic effects influence welfare dynamics. Taking account of transitional effects, we derive the … welfare effects of fiscal and monetary policy. …
Persistent link: https://www.econbiz.de/10005823480
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Have Collapses in Infrastructure Spending led to Cross-Country Divergence in Per Capita GDP?
Rodriguez, Francisco - Department of Economic and Social Affairs, United Nations - 2007
This paper explores whether the post-1980 decline in infrastructure investment in developing countries is a source of growing disparities in world per capita GDP. I start by reviewing the literature on the infrastructure-productivity link, arguing that a balanced reading of previous studies...
Persistent link: https://www.econbiz.de/10005786843
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Efficiency-Adjusted Public Capital, Capital Grants, and Growth
Crivelli, Ernesto - 2017
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10012948534
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Public capital and economic growth: a critical survey
Romp, Ward; de Haan, Jakob - Economics Department, European Investment Bank (EIB) - 2005
This paper provides an overview of both theoretical and empirical literature on the link between public investment (capital) and economic growth (national income). We first survey the channels through which public capital can conceivably affect growth. We then turn to reviewing the existing...
Persistent link: https://www.econbiz.de/10005006791
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Is there a lack of public capital in the European Union?
Kamps, Christophe - Economics Department, European Investment Bank (EIB) - 2005
This paper investigates whether there is a lack of public capital in European Union countries. The analysis builds on a new database providing internationally comparable capital stock estimates for 22 OECD countries, among these 14 EU countries, for the period 1960-2001. A simple model of...
Persistent link: https://www.econbiz.de/10005006797
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Unilateral Capital Transfers, Public Investment, and Economic Growth
Chatterjee, Santanu; Sakoulis, Georgios; Turnovsky, … - 2004
latter has no growth or dynamic consequences; it is always welfare improving, the gains increasing with the stock of … accumulated in the recipient economy. Its long-run growth and welfare effects depend upon the initial stock of infrastructure, as …
Persistent link: https://www.econbiz.de/10014068129
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Physical and Personnel Infrastructures and Their Impact on Economic Growth of German Federal States (Outputeffekte von Infrastrukturen in Ost- und Westdeutschland)
Uhde, Nicole - 2009
This paper addresses the question if physical infrastructure and personnel infrastructure (i.e. human capital) are positively related to economic output. Relevant theoretical literature provides a variety of arguments concerning a positive impact of infrastructure endowment on economic out-put....
Persistent link: https://www.econbiz.de/10013159768
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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
critically depends on the Frisch labour supply elasticity. Finally, when we compute differences in welfare across different … public financing regimes, the net welfare gains and losses are relatively minor. …
Persistent link: https://www.econbiz.de/10012801569