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Optimal fiscal policy, public capital, and the productivity slowdown

  • Cassou, Steven P.
  • Lansing, Kevin J.

A presentation of a quantitative-theoretical model that can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 years, with an application to examining some possible causes of the slowdown in the growth of U.S. labor productivity.

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File URL: http://www.sciencedirect.com/science/article/B6V85-3T2P4KV-6/2/91565a511610fea5332938c85530b766
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 22 (1998)
Issue (Month): 6 (June)
Pages: 911-935

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Handle: RePEc:eee:dyncon:v:22:y:1998:i:6:p:911-935
Contact details of provider: Web page: http://www.elsevier.com/locate/jedc

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  42. John A. Tatom, 1991. "Public capital and private sector performance," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-15.
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