| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1479 |
| DP1479 Public Investment and Endogenous Growth in a Small Open Economy | |
| George Alogoskoufis; Sarantis C Kalyvitis | |
| 发表日期 | 1996-09-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper examines the effects of three alternative rules for public investment on output growth in a model with private and public capital. The rules considered are: (i) a fixed ratio of public capital to output; (ii) a fixed growth rate for public capital; and (iii) a fixed ratio of public investment to output. We find that all these rules are closely associated with the growth rate of output and generate endogenous growth. A permanent change in the policy rule implies a new long-run growth rate of output, but the economy will only gradually approach the new steady state due to adjustment costs in private capital accumulation. |
| 主题 | International Macroeconomics |
| 关键词 | Adjustment costs Endogenous growth Public private capital |
| URL | https://cepr.org/publications/dp1479 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530617 |
| 推荐引用方式 GB/T 7714 | George Alogoskoufis,Sarantis C Kalyvitis. DP1479 Public Investment and Endogenous Growth in a Small Open Economy. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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