Publication
Sep 2004
This paper estimates the dynamic effects of public capital using the vector autoregressive (VAR) methodology for a large set of OECD countries. The author argues that most empirical analyses of public capital productivity only take into account a small sample of countries and therefore cannot provide internationally comparable capital stock estimates. His results suggest that there is evidence for positive output effects of public capital but hardly any evidence for positive employment effects.
Download |
English (PDF, 33 pages, 329 KB) |
---|---|
Author | Christophe Kamps |
Series | Kiel Institute Working Papers |
Issue | 1224 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2004 Kiel Institute for the World Economy |