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

Álvaro Pina and Miguel Aubyn ()

No 2005/04, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

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)
Date: 2005
New Economics Papers: this item is included in nep-pbe
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Citations: View citations in EconPapers (3)

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Journal Article: How should we measure the return on public investment in a VAR? (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ise:isegwp:wp42005

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