Research Perspectives
Research Perspectives
The previous chapters documented and formally analyzed a variety of channels, both old and new, through which public capital may affect growth. Various extensions, mostly technical in nature, were outlined at the end of some chapters. This chapter sets out a broader research agenda on the links among public capital, growth, and human welfare. It considers the following areas: heterogeneous infrastructure assets, the political economy of government spending allocation, excludable public goods, interactions between government debt and public capital accumulation in the presence of fiscal rules, spatial and regional dimensions of public capital, infrastructure and trade, public–private partnerships, the impact of public capital on income distribution, negative externalities associated with public capital, and empirical tests of the impact of public capital on growth.
Keywords: public capital, economic growth, human welfare, infrastructure, political economy, government spending, trade, public–private partnerships, income distribution
Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.