The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies

Evidence from Advanced Economies

The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the... READ MORE...

Publication date: May 2015
ISBN 9781475578874
$18.00

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