On the Long-term Economic and Budgetary Effects of Public-Sector Investment

Alfredo Marvao Pereira (), Maria de Fátima Pinho () and José Silva Costa

ERSA conference papers from European Regional Science Association

Abstract: In this work we use a VAR/ECM approach to determine the effects of aggregated public investment on output, employment and private investment for five EU countries. Based on impulse-response functions associated to the estimated VAR, we obtain long-term accumulated elasticities, long-term marginal productivities and annual rates of return, allowing for an economy performance analysis. Based on our results, we can conclude that, generally, the aggregated public investment crowds in output, employment and private investment, and it can be considered a useful tool in growth in the long run.

New Economics Papers: this item is included in nep-mac and nep-pbe
Date: 2005-08
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Persistent link: http://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa05p146

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