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Produktivitäts- und Finanzierungseffekte öffentlicher Infrastrukturinvestitionen

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Kellermann, K., Schlag, C. Produktivitäts- und Finanzierungseffekte öffentlicher Infrastrukturinvestitionen. Credit and Capital Markets – Kredit und Kapital, 31(3), 315-342. https://doi.org/10.3790/ccm.31.3.315
Kellermann, Kersten and Schlag, Carsten "Produktivitäts- und Finanzierungseffekte öffentlicher Infrastrukturinvestitionen" Credit and Capital Markets – Kredit und Kapital 31.3, 1998, 315-342. https://doi.org/10.3790/ccm.31.3.315
Kellermann, Kersten/Schlag, Carsten (1998): Produktivitäts- und Finanzierungseffekte öffentlicher Infrastrukturinvestitionen, in: Credit and Capital Markets – Kredit und Kapital, vol. 31, iss. 3, 315-342, [online] https://doi.org/10.3790/ccm.31.3.315

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Produktivitäts- und Finanzierungseffekte öffentlicher Infrastrukturinvestitionen

Kellermann, Kersten | Schlag, Carsten

Credit and Capital Markets – Kredit und Kapital, Vol. 31 (1998), Iss. 3 : pp. 315–342

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Article Details

Author Details

Kersten Kellermann, Zürich

Carsten-Henning Schlag, Wiesbaden

References

  1. Arndt, H., Swatek, D. (1971): Grundfragen der Infrastrukturplanung für wachsende Wirtschaften, Schriften des Vereins für Socialpolitik, (N. F.), 58, Berlin.  Google Scholar
  2. Aschauer, D. A. (1989): Is Public Expenditure productive?, Journal of Monetary Economics, 23, S. 177 - 200.  Google Scholar
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Abstract

Positive and Negative Output Effects of Public Infrastructure Investment

The government may contribute both positively and negatively to the growth of an economy. In our model we separately analyzed the opposing influences of public investments and the way of financing them. We use a neoclassical growth model that explicitly incorporates public capital to analyze the theoretical and empirical importance of public investments. The empirical results for old german Bundesländer between 1970 and 1994 suggests that the net productivity effects are positive. Debt-financing creates substantially higher crowding-out effects than does tax-financing of public investments.