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On the growth and welfare maximizing allocation of public investment

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  • Pantelis Kalaitzidakis
  • Vangelis Tzouvelekas

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Suggested Citation

  • Pantelis Kalaitzidakis & Vangelis Tzouvelekas, 2011. "On the growth and welfare maximizing allocation of public investment," Journal of Economics, Springer, vol. 104(2), pages 127-137, October.
    • Handle: RePEc:kap:jeczfn:v:104:y:2011:i:2:p:127-137
    DOI: 10.1007/s00712-011-0207-y
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    References listed on IDEAS

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    1. Devarajan, Shantayanan & Swaroop, Vinaya & Heng-fu, Zou, 1996. "The composition of public expenditure and economic growth," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 313-344, April.
    2. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    3. Been-Lon Chen, 2006. "Economic growth with an optimal public spending composition," Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 123-136, January.
    4. Kalaitzidakis, Pantelis & Kalyvitis, Sarantis, 2004. "On the macroeconomic implications of maintenance in public capital," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 695-712, March.
    5. David Alan Aschauer, "undated". "How Big Should the Public Capital Stock Be? The Relationship Between Public Capital and Economic Growth," Economics Public Policy Brief Archive ppb_43, Levy Economics Institute.
    6. Shieh, Jhy-yuan & Lai, Ching-chong & Chang, Wen-ya, 2002. "The impact of military burden on long-run growth and welfare," Journal of Development Economics, Elsevier, vol. 68(2), pages 443-454, August.
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    Citations

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    Cited by:

    1. Akihiko Yanase & Makoto Tawada, 2020. "Public infrastructure and trade in a dynamic two‐country model," Review of International Economics, Wiley Blackwell, vol. 28(2), pages 447-465, May.
    2. Sugata Marjit & Ritwik Sasmal & Joydeb Sasmal, 2020. "Composition of public expenditure and growth of per capita income in Indian states: a political perspective," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(1), pages 1-17, June.
    3. Akihiko Yanase & Makoto Tawada, 2017. "Public infrastructure for production and international trade in a small open economy: a dynamic analysis," Journal of Economics, Springer, vol. 121(1), pages 51-73, May.
    4. Chia-Hui Lu, 2015. "Optimal fiscal policies in an economy with externalities from public spending," Journal of Economics, Springer, vol. 116(3), pages 211-228, November.

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    More about this item

    Keywords

    Public investment; Military capital; Infrastructure; Economic growth; E62; H56; O40;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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