Publications

Working Paper No. 233 | April 1998

Public Capital and Economic Growth

Issues of Quantity, Finance, and Efficiency

Empirical research largely suggests that there is a positive role for public capital and a negative role for taxation and debt, and the effectiveness of public capital depends critically on its efficiency. Research Associate David Alan Aschauer develops a common framework to investigate the importance of three aspects of public capital: how much you have, how you pay for it, and how you use it.

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David Alan Aschauer

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