Public capital and private sector productivity in Ireland, 1958-1990

Article Abstract:

Public capital investment does not necessarily result to instantaneous economic growth. An experimental study using Ireland as a model from year 1958-1990 belies the claim of a public capital hypothesis which equates productive capacity to public capital investment. Using the Johansen (1988) cointegration testing procedure and error correction model, the correlation of public capital to increased private sector output, productivity, and capital formation was bound to be not applicable in some countries. Poor quality public capital expenditures or misuse of public capital are some of the factors that prevent the productive results of public capital investments.

Economics, Infrastructure (Economics), Ireland, Public investments, Government spending policy, Private sector, Expenditures, Public, Public expenditures

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Karl Knies, Austrians, and Max Weber: a Heidelberg connection?

Article Abstract:

A study on the economic theories proposed by Karl Knies based on general economic course in 1886 at Heidelberg, and his influence on Austrian economists Friedrich Wieser , Eugen Bohm-Bawerk and Max Weber is presented.

Economists, History, Economic theory, Weber, Max (German sociologist), Knies, Karl, Wieser, Friedrich

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Approaches of the Austrian school to the soziale frage before World War I -- Wieser and Bohm-Bawerk

Article Abstract:

A study examines the theories of Friedrich von Wieser and Bohm-Bawerk of Austrian school on encouraging cooperative institutions and free competition for economic development.

Austria, Management dynamics, Management, Appreciation, Company business management, Cooperatives, Cooperatives (Associations), Free enterprise, Wieser, Friedrich von

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