accumulating public capital and its associated public investment path in a perfect foresight general equilibrium model. The model … has several specific features different from the existing frameworks: The policy rule for public capital is introduced … be capital-intensive with its FDI shock. Based on calibration for African countries, the study finds that the front …

the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and …

importance of public capital for long run output growth has changed in recent years. We also aim to provide information on the … relevance of international spillovers of public capital. To these ends, we expand time series on public capital stocks for 20 … public capital shocks on economic growth has not increased in general, although results differ widely between countries. This …

The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical … analyses of public capital productivity have generally been limited to the official capital stock estimates available in a … - recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data …

The issue of whether government capital is productive has received a great deal of attention recently, yet empirical … analyses of public capital productivity have generally been limited to the official capital stock estimates available in a …-recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data shortage …

in investment results in a smaller capital stock, potential output or production capacity decreases. The author …