Public Capital, Growth and Welfare : Analytical Foundations for Public Policy
Pierre-Richard. Agénor
Bok Engelsk 2012 · Electronic books.
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| Medvirkende | Agâenor, Pierre-Richard. (Author)
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| Utgitt | Princeton : : Princeton University Press, , 2012.
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| Omfang | 1 online resource (265 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Public Capital, Growth and Welfare; Title; Copyright; Dedication; Contents; Introduction and Overview; 1 | Basic Channels; 1 Background; 1.1 Productivity and Cost of Private Inputs; 1.2 Complementarity Effect on Private Investment; 1.3 Crowding-Out Effects; 2 The Economy; 2.1 Households; 2.2 Firms; 2.3 Government; 2.4 Market-Clearing Conditions; 3 Equilibrium and the Balanced Growth Path; 3.1 The Case Where μ = 1; 3.2 The Case Where μ < 1; 4 Growth Effects of Public Policy; 5 Optimal Fiscal Policy; 6 Extensions; 6.1 Indirect Taxation; 6.2 Complementarity Effect. - 2.3 Market Production. - 3 Balanced Growth Path4 Public Policy; 4.1 Basic Intuition; 4.2 Numerical Illustration; 5 From Imitation to True Innovation; Appendix: Dynamic System and the Steady State; 5 | Public Capital and Women's Time Allocation; 1 Background; 1.1 Women's Time Allocation Constraints; 1.1.1 Transportation; 1.1.2 Water and Sanitation; 1.1.3 Electricity; 1.2 Intergenerational Health Externalities; 1.2.1 Mothers' Health Status and Child Development; 1.2.2 Mothers' Educational Status and Child Development; 1.3 Analytical Implications; 2 The Economy; 2.1 Family's Utility and Income; 2.2 Home Production. - 5 Optimal Spending Allocation6 A Three-Period Framework with Endogenous Fertility; 7 Endogenous Life Expectancy; 8 Interactions between Health and Education; 8.1 Impact of Health on Education; 8.2 Impact of Education on Health; 8.3 Magnification Effect; Appendix: Stability Conditions with Health Persistence; 4 | Public Capital and Innovation; 1 Background; 2 The Economy; 2.1 Households; 2.2 Production of the Final Good; 2.3 Production of Intermediate Goods; 2.4 Human Capital Accumulation; 2.5 Research and Development Sector; 2.6 Government; 2.7 Savings-Investment Balance; 2.8 Labor Market. - 5.2 Optimal Expenditure Allocation6 Extensions; 6.1 Endogenous Rearing Costs; 6.2 Time Allocation and Infrastructure; 6.3 Schooling Quality; Appendix: Stability Conditions and Steady-State Effects with μ < 1; 3 | Public Capital and Health; 1 Background; 1.1 Health and Economic Growth; 1.2 Infrastructure and Health; 1.3 Health Persistence; 2 A Two-Period Framework; 2.1 Households; 2.2 Production of Goods; 2.3 Health Status and Productivity; 2.4 Government; 2.5 Savings-Investment Balance; 3 Time Allocation and Growth Dynamics; 4 Public Spending, Growth, and Human Welfare. - 6.3 Public Capital and Household Utility6.4 Partial Depreciation and Maintenance; 6.4.1 Partial Depreciation; 6.4.2 The Investment-Maintenance Trade-Off; Appendix: Optimal Policy under Welfare Maximization; 2 | Public Capital and Education; 1 Background; 2 The Economy; 2.1 Households; 2.2 Production of Goods; 2.3 Production of Human Capital; 2.4 Government; 2.5 Savings-Investment Balance; 3 Equilibrium and the Balanced Growth Path; 3.1 The Case Where μ = 1; 3.2 The Case Whereμ<1; 4 Sensitivity of Education Technology; 5 Public Policy; 5.1 Increase in Public Spending. - In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous l
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| ISBN | 9780691155807
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