Effects of public investment in infraestructures on the spanish economy
The objetive of this paper is to evaluate the short and long term effects of public investment in infraestructure on aggregate output, labor and capital formation in the private sector. The problem is analyzed in a dynamic multivariate framework, which allows for explicit consideration of feedback a...
| Authors: | , , |
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| Format: | report |
| Publication Date: | 1994 |
| Country: | España |
| Institution: | Universidad Complutense de Madrid (UCM) |
| Repository: | Docta Complutense |
| Language: | English |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/64149 |
| Online Access: | https://hdl.handle.net/20.500.14352/64149 |
| Access Level: | Open access |
| Keyword: | Inversión en infraestructuras Inversión pública Economía española. Desarrollo económico Macroeconomía 5307.03 Modelos y Teorías del desarrollo Económico 5307.04 Estudios del desarrollo Económico 5307.14 Teoría Macroeconómica |
| Summary: | The objetive of this paper is to evaluate the short and long term effects of public investment in infraestructure on aggregate output, labor and capital formation in the private sector. The problem is analyzed in a dynamic multivariate framework, which allows for explicit consideration of feedback among all the variables. This approach departs from the current literature, which relies on a single equation model to estimate production functions. The results suggest a positive long term effect of public investment on the private sector variables. |
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