Public Investment and Growth in the Eastern Caribbean

Public Investment and Growth in the Eastern Caribbean
This paper quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is very likely negative. This means that the total change in real output induced by one EC dollar of public investment, due to its... READ MORE...

Publication date: May 2007
ISBN 9781451866889
$18.00

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