# Public Investment, the Rate of Return, and Optimal Fiscal Policy

DOI link for Public Investment, the Rate of Return, and Optimal Fiscal Policy

Public Investment, the Rate of Return, and Optimal Fiscal Policy book

# Public Investment, the Rate of Return, and Optimal Fiscal Policy

DOI link for Public Investment, the Rate of Return, and Optimal Fiscal Policy

Public Investment, the Rate of Return, and Optimal Fiscal Policy book

ByKenneth J. Arrow, Mordecai Kruz

Edition 1st Edition

First Published 2011

eBook Published 18 October 2013

Pub. location New York

Imprint RFF Press

Pages 218 pages

eBook ISBN 9781315064178

SubjectsEconomics, Finance, Business & Industry, Environment and Sustainability

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Arrow, K., Kruz, M. (2011). Public Investment, the Rate of Return, and Optimal Fiscal Policy. New York: RFF Press, https://doi.org/10.4324/9781315064178

This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in 1970