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Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. I

Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.

This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries.

Examining the increasingly relevant topic of public sector efficiency, this dynamic Handbook investigates the context of constrained fiscal space and public fun

May 2000 - Using the word capital to represent two different concepts is not such a problem when government is responsible for only a small fraction of national