Does public investment stimulate private investment? Evidence for the euro area
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- 作者：Christian Dregera ; cdreger@diw.de" class="auth_mail" title="E-mail the corresponding author ; Hans-Eggert Reimersb ; hans-eggert.reimers@hs-wismar.de" class="auth_mail" title="E-mail the corresponding author
- 关键词：C23 ; E22 ; E62
- 刊名：Economic Modelling
- 出版年：2016
- 出版时间：November 2016
- 年：2016
- 卷：58
- 期：Complete
- 页码：154-158
- 全文大小：221 K
文摘
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The article investigates the long run relationship between public and private investment.
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Evidence is based on a stock-flow approach.
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Panel econometric models are specified for the euro area.
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The analysis includes I(2) and I(1) variables.
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Crowding-in effects of public investment dominate in the long run.