Publications

9 publications found, searching for 'David Alan Aschauer '

• Public Policy Brief No. 43 September 05, 1998

  How Big Should the Public Capital Stock Be?

  David Alan Aschauer
  Abstract

  Investment in infrastructure is necessary for a strong, flexible, and growing economy. However, the relationship between public capital and economic growth is not linear. At a certain level, the tax burden associated with financing and maintaining public capital reduces the returns to private industry, which in turn reduces growth; also, different types of spending have […]

  Download Public Policy Brief No. 43, 1998 PDF (216.39 KB)
• Working Paper No. 241 July 01, 1998

  Optimal Financing by Money and Taxes of Productive and Unproductive Government Spending

  David Alan Aschauer
  Abstract

  This paper contains an investigation of the effects of different means of financing government spending on economic growth, inflation, and welfare. In this setting, two different types of government spending are considered: productive expenditures that provide services to the private sector in its production activities, and unproductive expenditures that have no direct influence on the […]

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• Working Paper No. 233 April 01, 1998

  Public Capital and Economic Growth

  David Alan Aschauer
  Abstract

  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, […]

• Policy Notes No. 2 February 01, 1998

  How Should the Surpluses Be Spent?

  David Alan Aschauer
  Abstract

  The federal budget deficit is disappearing; some shadows linger, but the latest Congressional Budget Office projections put the government budget in deficit by only $5 billion in fiscal year 1998, in balance by 2001, and in surplus through at least 2008. In this Policy Note, Research Associate David Alan Aschauer examines the likely economic consequences, […]

  Download Policy Note 1998/2 PDF (79.87 KB)
• Working Paper No. 196 July 01, 1997

  Skiki vono ko shtuvalo?

  David Alan Aschauer
  Abstract

  After the collapse of the Soviet bloc many of the transition economies experienced significant inflation, largely because their new monetary authorities and undeveloped tax infrastructure induced them to resort to generating revenue through seignorage. In Ukraine inflation rates reached as high as 133 percent per month. Traditional monetary theory holds that raising revenue through money […]

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• Working Paper No. 191 April 01, 1997

  Dynamic Output and Employment Effects of Public Capital

  David Alan Aschauer
  Abstract

  Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to, and less than the marginal product of private capital. Not only does this wide range of estimates call for further examination, but several questions about […]

  Download Working Paper No. 191 PDF (1.27 MB)
• Working Paper No. 190 April 01, 1997

  Output and Employment Effects of Public Capital

  David Alan Aschauer
  Abstract

  Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to, and less than the marginal product of private capital. Not only does this wide range of estimates call for further examination, but several questions about […]

  Download Working Paper No. 190 PDF (1.50 MB)
• Working Paper No. 189 April 01, 1997

  Do States Optimize?

  David Alan Aschauer
  Abstract

  Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to, and less than the marginal product of private capital. Not only does this wide range of estimates call for further examination, but several questions about […]

  Download Working Paper No. 189 PDF (2.88 MB)
• Public Policy Brief No. 4 March 03, 1993

  Public Infrastructure Investment: A Bridge to Productivity Growth?

  David Alan Aschauer, and Douglas Holtz-Eakin
  Abstract

  This brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early 1970s—coupled with an aging population, the declining proportion of workers to the total population, and other demographic factors—poses a dilemma for policymakers interested in strengthening […]

  Download Public Policy Brief No. 4, 1993 PDF (8.87 MB)