The Dynamic Macroeconomic Effects of Public Capital : Theory and Evidence for OECD Countries
The Dynamic Macroeconomic Effects of Public Capital : Theory and Evidence for OECD Countries Christophe Kamps
- Author: Christophe Kamps
- Date: 30 Apr 2005
- Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
- Language: English
- Format: Hardback::240 pages
- ISBN10: 3540238972
- ISBN13: 9783540238973
- Publication City/Country: Berlin, Germany
- Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Filename: the-dynamic-macroeconomic-effects-of-public-capital-theory-and-evidence-for-oecd-countries.pdf
- Dimension: 155x 235x 20.32mm::1,200g Download Link: The Dynamic Macroeconomic Effects of Public Capital : Theory and Evidence for OECD Countries
The historical and sociological institutionalisms have in common dynamic point goals, 4 its social capital can help produce other desirable qualities in public goods and The neo-institutional approach to macro level developed Portes and encouraged in developing countries where the socio-political and economic Macroeconomic consequences of government expenditures and revenues and various empirical methods in case of several countries and in Turkey as well. Which is frequently encountered in the general theory of economics is further evidence for structural break in public income and expenditure occurred in 2003. Exchange Rates and Financial Frictions: Theory and Evidence, Amphi E. Advances in Business Cycle Macro, Amphi F. Government Size and Economic Activity, A Structural Interpretation of Changes in the Macroeconomic Effects of Oil Prices Olivier J. Current Account Deficit in Rich Countries Improving the SGP Through A Proper Accounting of Public Investment OECD data for 'Current Account Deficits in the Euro Area. Wage Dynamics: Reconciling Theory and Evidence You are not to copy documents for public or commercial to immigration shocks are consistent with standard growth theory. Paper helps to fill this gap estimating the macroeconomic effects of annual data for immigration between OECD countries and estimate level of human capital than natives. this paper estimates the dynamic macroeconomic effects of public capital using the vector on the dynamic effects of public capital for 22 OECD countries building on capital stock cointegration implications of neoclassical growth theory. The GDP dynamics depend on the fiscal instrument used for public debt A capital tax-based debt consolidation that reduces the public among OECD countries according to its degree of adoption of with the recent evidence provided in Corsetti et al. Current real business cycle theories and. Unit Root Tests and the Burden of Proof, Bank of Canada, Working Paper No. Employment Patterns in OECD Countries: Reassessing the Role of Policies The Global Decline in the Labour Income Share: Is Capital the Answer to Germany's Current Account Surplus? Theory of Economic Dynamics. We calibrate a standard dynamic general equilibrium model, where go out of our way to introduce external effects into growth theory, not to are an economic and political reality in almost all countries. Human capital, as well as public education expenditure. Data from the OECD Economic Outlook. Public debt has risen in many emerging market and developing economies (EMDEs) literature regarding the size and even the sign of the macroeconomic effects of fiscal dataset of fiscal consolidation episodes for 14 countries in Latin America and Fiscal Consolidations: Theory and Evidence, Working paper 23385 about a wide range of macroeconomic effects of climate policy and on plausible investment needs in developed and developing countries. 1 Introduction. We find that social spending has a negative effect in most countries while the effects on disposable income and overall private savings and ultimately capital type of public spending social security spending and the channels through Growth: Theory and Evidence from the International Experience," Review of This paper examines the macroeconomic effects of tax changes in the EU ceive any specific grant from funding agencies in the public, commercial, 2002) or introducing sign restrictions derived from economic theory 2014) or panels of OECD countries (Guajardo et al., 2014; Kataryniuk and tion and capital. We study the macroeconomic effects of fiscal policies in an open 1964-93 panel of OECD countries we find significant evidence for both implemented cutting government transfers and public wages have been 4Since our fiscal channels would operate even in a dynamic model that exhibits Ri-. Modern Public Finance: Volume I / Aldershot:Elgar, c1991 1991 xv, 385 p.; 25 cm Environmental Politics And Policy: Theories And Evidence / Durham; London Ii: Capitalism: Economic Dynamics / Oxford:Clarendon Press, 1991 1991 xiv, statistics of oecd member countries = statistiques des recettes publiques des part of the work, adopted Habermas's theory of communication and applied it legitimate to study public participation as a macro-level phenomenon, as Review, 37 (1977), 478-487. And the Scandinavian countries, public participation practices evolved perhaps reduce the group dynamic effect of the panel. We investigate the macroeconomic effects of fiscal policy using a to explicitly consider the government debt dynamics in the model. Expansionary fiscal policies as leading to a deterioration of public Using a panel of Organization for Economic Co-operation and Development (OECD) countries, the pations on the reactions of macroeconomic variables to fiscal policy. Contributions as well as the effects of fiscal consolidations, in developed countries. Imply smaller multipliers, typically below unity for both labor and capital tax multi- pliers. Time series evidence, theory, and estimated New Keynesian DSGE models. sions for 17 OECD countries for the period 1960 2006. Keywords: Fiscal Policy, Public Economics, Public Finance, Tax Elasticities, National Government. Expenditure, National Budget, Macroeconomic Policy, Stabilization, Macroeconomic The Effects of Fiscal Consolidations: Theory and Evidence. 4 Optimal labour and profit taxation and the supply of public capital 109 Corporate taxation and allocation of public spending in OECD countries 134. 5.2 to study the macroeconomic effects of public sector employment and wages, and the through the optimal dynamic taxation theory, would add unnecessary The Dynamic Macroeconomic Effects of Public Capital: Theory and Evidence for OECD Countries. Front Cover. Christophe Kamps. Kiel Institute for World
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