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“New” Public Investment and/or Public Capital Maintenance for Growth? The Canadian Experience

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  • Pantelis Kalaitzidakis
  • Sarantis Kalyvitis

Abstract

The article revisits the relationship between growth and public productive expenditures by investigating the growth impact of "new" public investment along with maintenance expenditures in public capital. We sketch out the importance of these components of public capital expenditures for growth and then use survey data from Canada to assess the impact of these variables on Canadian growth. We find evidence that the Canadian economy would benefit from a fall in total public capital expenditures and from a reallocation between new public investment and maintenance expenditures. We also identify the growth impact of the associated sectoral public capital expenditures. (JEL E22, E62, H21, H54) Copyright 2005, Oxford University Press.

Suggested Citation

  • Pantelis Kalaitzidakis & Sarantis Kalyvitis, 2005. "“New” Public Investment and/or Public Capital Maintenance for Growth? The Canadian Experience," Economic Inquiry, Western Economic Association International, vol. 43(3), pages 586-600, July.
    • Handle: RePEc:oup:ecinqu:v:43:y:2005:i:3:p:586-600
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    File URL: http://hdl.handle.net/10.1093/ei/cbi040
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    Citations

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    Cited by:

    1. Eric Akobeng, 2017. "Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 20(2), pages 136-164, April.
    2. Straub, Stephane, 2008. "Infrastructure and growth in developing countries : recent advances and research challenges," Policy Research Working Paper Series 4460, The World Bank.
    3. Boucekkine, R. & Fabbri, G. & Gozzi, F., 2010. "Maintenance and investment: Complements or substitutes? A reappraisal," Journal of Economic Dynamics and Control, Elsevier, vol. 34(12), pages 2420-2439, December.
    4. Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2008. "Public capital maintenance and congestion: Long-run growth and fiscal policies," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3760-3779, December.
    5. Raouf, BOUCEKKINE & Blanca, MARTINEZ & Cagri, SAGLAM, 2006. "Capital Maintenance Vs Technology Adopton under Embodied Technical Progress," Discussion Papers (ECON - Département des Sciences Economiques) 2006030, Université catholique de Louvain, Département des Sciences Economiques.
    6. Lisa Chever & Michael Klien, 2018. "Trading service quality for safety: a cautionary tale from the French ‘Robien law’ on elevator safety," Journal of Regulatory Economics, Springer, vol. 53(1), pages 20-36, February.

    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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