Decline in Public Capital Spending Threatens Economic Growth in OECD Countries.
The article explores why public spending on infrastructure has decreased in OECD countries and its impact. It looks at the effects of this decline on economic growth and productivity. The researchers used models to analyze the relationship between public capital spending and various outcomes. They found that investing in infrastructure can boost productivity and output in different sectors. The study concludes that public capital expenditure plays a crucial role in economic development.