The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics PDF Author: NA NA
Publisher: Palgrave Macmillan
ISBN: 9780333786765
Category : Law
Languages : en
Pages : 7300

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Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics PDF Author: NA NA
Publisher: Palgrave Macmillan
ISBN: 9780333786765
Category : Law
Languages : en
Pages : 7300

Get Book

Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Crowding-Out or Crowding-In? Public and Private Investment in India

Crowding-Out or Crowding-In? Public and Private Investment in India PDF Author: Girish Bahal
Publisher: International Monetary Fund
ISBN: 151354165X
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the Indian economy has undergone in the past three decades, we study whether public investment in recent years has become more or less complementary to private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate public and private investment in India over the period 1996Q2-2015Q1 using investment-project data from the CapEx-CMIE database. Third, embedding a theory-driven long-run relationship on the model, we estimate a range of Structural Vector Error Correction Models (SVECMs) to re-examine the public and private investment relationship in India. Identification is achieved by decomposing shocks into those with transitory and permanent effects. Our results suggest that while public-capital accumulation crowds out private investment in India over 1950-2012, the opposite is true when we restrict the sample post 1980 or conduct a quarterly analysis since 1996Q2. This change can most likely be attributed to the policy reforms which started during early 1980s and gained momentum after the 1991 crises.

The Macroeconomic Effects of Public Investment

The Macroeconomic Effects of Public Investment PDF Author: Mr. Abdul Abiad
Publisher: International Monetary Fund
ISBN: 1484361555
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.

The Effects of Government Deficits

The Effects of Government Deficits PDF Author: Charles E. Dumas
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 64

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Book Description


The Deficit Myth

The Deficit Myth PDF Author: Stephanie Kelton
Publisher: PublicAffairs
ISBN: 1541736206
Category : Business & Economics
Languages : en
Pages : 311

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Book Description
A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement

Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement PDF Author: Shafik Hebous
Publisher: International Monetary Fund
ISBN: 1513578723
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
We study the effects of federal purchases on firms’ investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms’ capital investment by 7 to 11 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.

Unproductive Public Expenditures

Unproductive Public Expenditures PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1557755418
Category : Business & Economics
Languages : en
Pages : 56

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Book Description
Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.

Does Public Capital Crowd Out Private Capital?

Does Public Capital Crowd Out Private Capital? PDF Author: David Alan Aschauer
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 40

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Book Description


Does Fiscal Policy Matter?

Does Fiscal Policy Matter? PDF Author: Alan S. Blinder
Publisher:
ISBN:
Category : Expenditures, Public
Languages : en
Pages : 50

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Book Description


Doing Capitalism in the Innovation Economy

Doing Capitalism in the Innovation Economy PDF Author: William H. Janeway
Publisher: Cambridge University Press
ISBN: 1107031257
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.