The size and potential of public wealth

Dag Detter and Stefan Fölster

Chapter Chapter 4 in The Public Wealth of Nations, 2015, pp 43-62 from Palgrave Macmillan

Abstract: Abstract Previous chapters looked at the detrimental effects that extensive public commercial assets can have on governance, GDP growth, and democracy. Yet public wealth comprises much more than state-owned companies. In fact, SOEs and financial institutions constitute the smallest part of the government portfolio, be it at the central government level or the regional and local level. The largest segment of public commercial assets is real estate: property and land with an economic value that often does not appear on any balance sheet.

Keywords: Real Estate; Central Government; International Monetary Fund; International Financial Reporting Standard; Public Capital (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51986-3_4

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DOI: 10.1057/9781137519863_4

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