IDEAS home Printed from https://ideas.repec.org/a/spr/wirtsc/v95y2015i5p350-358.html
   My bibliography  Save this article

Der Preis zusätzlichen Wachstums – lang- und kurzfristige Effekte staatlicher Investitionen

Author

Listed:
  • Georg Quaas

Abstract

In the long run, all autonomous expenditures are zero. With this premise, the multiplier theory can be reduced to a well-known relationship between savings, investment and exports. If investment is enhanced by additional government expenditures, the best scenario implies a growing stock of capital. The corresponding increase in income can be assessed with the help of a production function. Only a tiny part of the increased income is gained by the government. A self-financing effect could eventually be reached after 32 years. But according to a more realistic scenario, the accumulation of capital would be terminated after 14 years because governmental investment crowd out private investment. Thus, the “costs” of additional growth for that period would be enduring increases in governmental expenditures which could never be paid back. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Georg Quaas, 2015. "Der Preis zusätzlichen Wachstums – lang- und kurzfristige Effekte staatlicher Investitionen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(5), pages 350-358, May.
  • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:5:p:350-358
    DOI: 10.1007/s10273-015-1831-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10273-015-1831-x
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10273-015-1831-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kazakova, O. B. & Kuzminykh, N. A., 2017. "The multiplier accelerator theory in the study of municipal-level investment," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 3(2), pages 82-89.

    More about this item

    Keywords

    C5; E1; E6;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:wirtsc:v:95:y:2015:i:5:p:350-358. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.