English, Article, Journal or magazine article edition: Is there a lack of public capital in the European Union? Kamps, Christophe

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Bookmark: http://trove.nla.gov.au/version/1337
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Is there a lack of public capital in the European Union?
Author
  • Kamps, Christophe
Physical Description
  • preprint
Notes
  • This paper investigates whether there is a lack of public capital in European Union countries. The analysis builds on a new database providing internationally comparable capital stock estimates for 22 OECD countries, among these 14 EU countries, for the period 1960-2001. A simple model of endogenous growth is used in order to highlight the inherently nonlinear relationship between public capital and economic growth and to derive a measure of the growth-maximising public capital stock. Against this background, the empirical analysis provides estimates of the growth-maximising level of public capital for EU countries. The empirical results suggest that there currently is no lack of public capital in most "old" EU countries.
  • public capital; economic growth
  • RePEc:ris:eibpap:2005_003
Language
  • English
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