Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/44846 
Year of Publication: 
2005
Citation: 
[Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 10 [Issue:] 1 [Publisher:] European Investment Bank (EIB) [Place:] Luxembourg [Year:] 2005 [Pages:] 41-70
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
This paper provides an overview of both theoretical and empirical literature on the link between public investment (capital) and economic growth (national income). We first survey the channels through which public capital can conceivably affect growth. We then turn to reviewing the existing empirical literature, and we conclude that although not all studies find a growth-enhancing effect of public capital, there is now more consensus than in the past that public capital furthers economic growth. However, the impact reported by recent studies is not as big as some earlier studies suggested. We conclude with an overview of what is known about the optimality of public capital stocks.
Document Type: 
Article

Files in This Item:
File
Size
885.25 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.