How should we measure the return on public investment in a VAR

Álvaro M. Pina () and Miguel St. Aubyn ()

No 2005/04, Working Papers from Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.

Abstract: Pereira’s (2000) method of computing the return on public investment in a VAR is extended. A new return measure which accounts for public and private costs is proposed. An application to US data shows non-trivial differences between alternative return rates.

Keywords: Public investment; rate of return; VAR. (search for similar items in EconPapers)
JEL-codes: C32 H43 H57 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe
Date: 2005
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Journal Article: How should we measure the return on public investment in a VAR? (2006)
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