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Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/28120
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| Title: | | Governmental activity and private capital investment  |
| Authors: | | Ott, Ingrid Soretz, Susanne |
| Issue Date: | | 2006 |
| Series/Report no.: | | University of Lüneburg working paper series in economics 26 |
| Abstract: | | We analyze within a dynamic model how firms decide on capital investment if the accompanying adjustment costs are a function of governmental activity. The government provides a public input and decides on the degree of rivalry. The productive public input enhances private capital productivity and reduces adjustment costs. We derive the equilibrium in which capital and investment ratio are both constant, carry out comparative dynamic analysis and discuss the model's policy implications. |
| JEL: | | D21 H40 H54 O16 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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