Do states optimize? Public capital and economic growth

By D. Aschauer. 2000

239 citations recorded by the source corpus.

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Infrastructure and Development: A Critical Appraisal of the Macro-level Literature (2008, background): “The point that output-per-worker in developing countries is lower than implied by the amount of capital available is discussed in Prescott (1998) and Banerjee and Duflo (2005). This mirrors Lucas’s (1990) point that the marginal product of capital implied by differences in output-per-worker between ”
The Impact of High and Growing Government Debt on Economic Growth: An Empirical Investigation for the Euro Area (2010, unknown): “In the same vein, the growth model proposed by Aschauer (2000), in which public capital has a non-linear impact on economic growth, can be extended to cover the impact of public debt Assuming that government debt is used at least partly to finance productive public capital, an increase in debt…”
Infrastructure development and economic growth in India (2009, methodology): “Aschauer (2000) estimates the growth-maximizing ratio of public to private capital using data for 48 US states over the period 1970–1990.”