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Is Public capital Provision Efficient?

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  • Otta, G.D.
  • Voss, G.M.

Abstract

In this paper we provide a test of whether an optimal level of public investment has been undertaken in Australia over the last three decades The test is based on the intertemporal efficiency conditions for the standard optimal growth model with both private and public capital.

Suggested Citation

  • Otta, G.D. & Voss, G.M., 1996. "Is Public capital Provision Efficient?," Papers 96/10, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:96/10
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    References listed on IDEAS

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    1. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
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    More about this item

    Keywords

    INVESTMENTS; PUBLIC SECTOR;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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