A Note on Public Investment, Public Debt, and Macroeconomic Performance

dc.authorscopusid 6507386221
dc.authorscopusid 6701474284
dc.contributor.author Ismihan, Mustafa
dc.contributor.author Ozkan, F. Gulcin
dc.contributor.other Department of Business
dc.date.accessioned 2024-07-05T15:10:29Z
dc.date.available 2024-07-05T15:10:29Z
dc.date.issued 2011
dc.department Atılım University en_US
dc.department-temp [Ozkan, F. Gulcin] Univ York, Dept Econ & Related Studies, York YO10 5DD, N Yorkshire, England; [Ismihan, Mustafa] Atilim Univ, Ankara, Turkey en_US
dc.description.abstract This paper provides an assessment of public capital spending within a macroeconomic policy model with explicit monetary and fiscal interactions, in contrast to most of the existing analyses of public investment that utilize "real" general equilibrium models. As such, we are able to consider the interactions of public investment with inflation, taxation, and public debt. Our results indicate that a clear trade-off exists between the costs and benefits of public investment, as is the case in the existing literature. However, the use of a monetary-fiscal policy model rather than a "real" general equilibrium one enables us to trace the macroeconomic channels including monetary ones through which these costs and benefits are transmitted to the rest of the economy. To the extent that these costs and benefits vary between countries, our results provide a potential explanation for the mixed empirical findings on the real effects of public capital spending. en_US
dc.identifier.citationcount 2
dc.identifier.doi 10.1017/S1365100509991076
dc.identifier.endpage 278 en_US
dc.identifier.issn 1365-1005
dc.identifier.issue 2 en_US
dc.identifier.scopus 2-s2.0-79957441962
dc.identifier.scopusquality Q3
dc.identifier.startpage 265 en_US
dc.identifier.uri https://doi.org/10.1017/S1365100509991076
dc.identifier.uri https://hdl.handle.net/20.500.14411/1328
dc.identifier.volume 15 en_US
dc.identifier.wos WOS:000289847800007
dc.identifier.wosquality Q4
dc.institutionauthor İsmihan, Mustafa
dc.language.iso en en_US
dc.publisher Cambridge Univ Press en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 2
dc.subject Public Investment en_US
dc.subject Public Debt en_US
dc.subject Macroeconomic Performance en_US
dc.title A Note on Public Investment, Public Debt, and Macroeconomic Performance en_US
dc.type Article en_US
dc.wos.citedbyCount 2
dspace.entity.type Publication
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