{"product_id":"the-dynamic-macroeconomic-effects-of-christophe-kamps-9783540238973","title":"The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries","description":"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 a new database that provides internationally comparable capital stock estimates for 22 OECD countries for the 1960-2001 period. Building on this database, the book estimates the dynamic effects of public capital using a variety of econometric methods. The results suggest that public capital is productive in OECD countries on average. The theoretical analysis based on a dynamic general equilibrium model shows that the effects of public capital depend crucially on the way the government chooses to finance additional spending.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Christophe Kamps\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3540238972\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783540238973\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/22\/2004\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 240\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.20lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.30w x 0.80d","brand":"Christophe Kamps","offers":[{"title":"Hardcover","offer_id":47424561479935,"sku":"9783540238973","price":109.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_6722ffae-1e19-4d5e-9a68-e4c8f492c363.jpg?v=1761531050","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-dynamic-macroeconomic-effects-of-christophe-kamps-9783540238973","provider":"WR Book House","version":"1.0","type":"link"}