Title page for etd-0529118-150352


[Back to Results | New Search]

URN etd-0529118-150352
Author JU-HSUAN YU
Author's Email Address a0417220@gmail.com
Statistics This thesis had been viewed 5576 times. Download 50 times.
Department Economics
Year 2017
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The Macroeconomic Effects of Operations and Maintenance Costs on Infrastructure
Date of Defense 2018-06-04
Page Count 43
Keyword
  • operations and maintenance expenditures
  • Infrastructure construction
  • government investment
  • dynamic stochastic general equilibrium model
  • Abstract Public investment is often used as a fiscal policy tool to counteract economic recessions or to promote growth. Most literature on assessing public investment effects, however, ignores operation and maintenance (O&M) costs when computing government spending multliers. This paper follows Chang et al. (2018) to examine the role of O&M costs in the macroeconomic effects of public investment. It finds that when O&M costs are accounted for the long-run cumulative output multiplier is 66% lower than that without including O&M costs. Also, insufficient O&M spending drives up the depreciation rate of public capital, which can substantially undermines the growth effects of public investment.
    Advisory Committee
  • Chang, Juin-Jen - chair
  • Chih-Yu Yang - co-chair
  • Shu-Chun S. Yang - advisor
  • Files
  • etd-0529118-150352.pdf
  • Indicate in-campus at 0 year and off-campus access at 1 year.
    Date of Submission 2018-06-29

    [Back to Results | New Search]


    Browse | Search All Available ETDs

    If you have more questions or technical problems, please contact eThesys