The interaction of public and private capital: a study of 20 OECD members
AbstractThis article addresses the interaction of public and private capital stocks. We show for most developed countries that there is a long-term equilibrium relation between public and private capital. We find that imbalances in the relation of public and private capital are most likely to be corrected through a public capital adjustment. Private capital tends towards weak exogeneity. The evidence presented suggests that public investment is more likely to be enticed by private investment rather than serve to crowd out private investment activity.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 44 (2012)
Issue (Month): 6 (February)
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.