Results 1 - 10
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8,261
Is public expenditure productive?
- JOURNAL OF MONETARY ECONOMICS
, 1989
"... This paper considers the relationship between aggregate productivity and stock and flow government-spending variables. The empirical results indicate that (i) the nonmilitary public capital stock is dramatically more important in determining productivity than is either the flow of nonmilitary or mil ..."
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Cited by 937 (2 self)
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This paper considers the relationship between aggregate productivity and stock and flow government-spending variables. The empirical results indicate that (i) the nonmilitary public capital stock is dramatically more important in determining productivity than is either the flow of nonmilitary
Dynamic macroeconomic effects of public capital:
, 2009
"... Dynamic macroeconomic effects of public capital: ..."
Employment and Public Capital in Spain¤
, 2001
"... This paper analyses the e¤ects on employment of increasing the stock of public capital. To this end, we derive a wage equation so that wages are endogenized. This allows us to show that, by means of a higher elasticity of labour demand with respect to wages, a rise in public capital increases employ ..."
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This paper analyses the e¤ects on employment of increasing the stock of public capital. To this end, we derive a wage equation so that wages are endogenized. This allows us to show that, by means of a higher elasticity of labour demand with respect to wages, a rise in public capital increases
Is Public Capital Productive in Europe?
, 2006
"... This paper addresses the issue of whether and by how much public investment or public capital can enhance economic performance. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A VAR model (for France, ..."
Abstract
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Cited by 2 (0 self)
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This paper addresses the issue of whether and by how much public investment or public capital can enhance economic performance. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A VAR model (for France,
A Simple Model of Capital Market Equilibrium with Incomplete Information
- JOURNAL OF FINANCE
, 1987
"... The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere are both ..."
Abstract
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Cited by 756 (2 self)
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The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere
GROWTH MODEL WITH PUBLIC CAPITAL
, 2004
"... In dynamic settings with public capital, it is common to assume that the government claims a constant fraction of public investment to output each period (the constant-ratio rule). For the post-war period, this is not a realistic assumption for the US economy. Therefore, we consider an active rule f ..."
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In dynamic settings with public capital, it is common to assume that the government claims a constant fraction of public investment to output each period (the constant-ratio rule). For the post-war period, this is not a realistic assumption for the US economy. Therefore, we consider an active rule
What Do We Know about Capital Structure? Some Evidence from International Data
- Journal of Finance
, 1995
"... We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated i ..."
Abstract
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Cited by 1027 (15 self)
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We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as correlated
Spatial Competition and Accumulation of Public Capital *
"... Abstract This paper examines the effect of public capital accumulation on private sectors' productivity in a general equilibrium model where a public capital, such as a transportation infrastructure, affects households' disutility of moving. The focus is on indirect channels through which ..."
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Abstract This paper examines the effect of public capital accumulation on private sectors' productivity in a general equilibrium model where a public capital, such as a transportation infrastructure, affects households' disutility of moving. The focus is on indirect channels through
Spatial Competition and Accumulation of Public Capital ∗
, 2001
"... This paper examines the effect of public capital accumulation on private sectors ’ productivity in a general equilibrium model where a public capital, such as a transportation infrastructure, affects households’ disutility of moving. The focus is on indirect channels through which it affects the pro ..."
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This paper examines the effect of public capital accumulation on private sectors ’ productivity in a general equilibrium model where a public capital, such as a transportation infrastructure, affects households’ disutility of moving. The focus is on indirect channels through which it affects
Public Capital and Its Contribution to the Productivity Performance of the Canadian Business Sector∗
, 2003
"... Public capital and its contribution ..."
Results 1 - 10
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8,261