Public Investment, Congestion, and Private Capital Accumulation
Bibliographic Data
| ID | 9715618 |
|---|---|
| Authors | Walter H Fisher (Institute of Advanced Studies, Vienna), Stephen J Turnovsky (0000-0002-0864-2118, Institute of Advanced Studies, Vienna) |
| Year | 1998 |
| Volume | 108 |
| Issue | 447 |
| Pages | 399-413 |
| Publication date | 1998-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00294 |
| OpenAlex | W1984103808 |
| Language | EN |
| Citations received | 12 |
| References cited | 9 |
This paper analyses the impact of public investment on the dynamics of private capital formation in an intertemporal optimising market‐clearing framework. The key feature characterising the analysis is that the public good is treated as a durable capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private capital formation involves a tradeoff between the degree of substitution between private and public capital in production and the degree of congestion. Both lump‐sum and distortionary tax financing are considered, with this tradeoff being tightened in the latter case
Capital (architecture · Capital intensity · Economics · Government (linguistics · Investment (military · Microeconomics · Monetary economics · Private capital · Production (economics · Public capital · Public economics · Public investment · Economic Growth and Productivity · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
Crowding Out Private Investment in Bolivia
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Fiscal federalism and Cohesion Policy in the European Union Nuts-2 regions
Productive Government Expenditure in Monetary Business Cycle Models
Public capital and total factor productivity
Schooling and Public Capital in a Model of Endogenous Growth
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Public Capital and Economic Development
Infrastructure and economic growth
The impact of innovation policy on the regional economies of Europe
Public Investment, the Rate of Return, and Optimal Fiscal Policy
Redistributive taxation in a simple perfect foresight model
Does public capital crowd out private capital?
Is public expenditure productive?
Congestion function specification and the “publicness” of local public goods
Government Spending in a Simple Model of Endogeneous Growth
Increasing Returns and Long-Run Growth
Taxation and National Defense
Public Capital and Long-run Costs in U.K. Manufacturing
| Unique citing works | 12 |
|---|---|
| Citations per year | 0,52 |
| Citation span | 2003 - 2025 (23) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |