Is Public capital Provision Efficient?
In this paper we provide a test of whether an optimal level of public investment has been undertaken in Australia over the last three decades The test is based on the intertemporal efficiency conditions for the standard optimal growth model with both private and public capital.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: THE UNIVERSITY OF NEW SOUTH WALES, SCHOOL OF ECONOMICS, P.O.B. 1 KENSINGTON, NEW SOUTH WALES 2033 AUSTRALIA.|
Fax: +61)-2- 9313- 6337
Web page: http://www.economics.unsw.edu.au/
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