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Public capital and growth

  • Bertarelli Silvia

The purpose of this paper is the evaluation of the ability of public investment to influence the development of a country within a growth framework. Public capital comprises all goods directly affecting private sector productivity whose public supply is motivated by the presence of externalities, political grounds and equity. Although theoretical models consider an aggregate definition of public capital, heterogeneous empirical results across geographical areas and over time ask for a deep analysis along the composition and the institutional-political dimensions.

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Article provided by Società editrice il Mulino in its journal Politica economica - Journal of Economic Policy (PEJEP).

Volume (Year): (2006)
Issue (Month): 3 ()
Pages: 361-398

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Handle: RePEc:mul:je8794:doi:10.1429/23238:y:2006:i:3:p:361-398
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