{"product_id":"9783540238973","title":"The Dynamic Macroeconomic Effects of Public Capital : Theory and Evidence for OECD Countries (Kieler Studien Bd.331) (2005. XIV, 238 p. w. 18 ill. 24 cm)","description":"\u003cp\u003eThis 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. Purpose and Scope of the Study.- New Estimates of Government Net Capital Stocks for 22 OECD Countries, 1960 - 2001.- Empirical Evidence for OECD Countries: The VAR Approach.- Public Capital in Dynamic General Equilibrium.- Summary and Conclusion.\u003c\/p\u003e","brand":"SPRINGER, BERLIN","offers":[{"title":"Default Title","offer_id":42565490933835,"sku":"00000_00000_00000_00000","price":3921.51,"currency_code":"THB","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0641\/0023\/7387\/files\/9783540238973-1.jpg?v=1783506375","url":"https:\/\/kinokuniya.co.th\/products\/9783540238973","provider":"Books Kinokuniya Thailand","version":"1.0","type":"link"}