Giacinto, Valter Di; Micucci, Giacinto; Montanaro, … - In: Giornale degli Economisti 69 (2010) 1, pp. 29-66
Based on a VAR model, which allows to take into account direct and indirect links between the variables, this paper shows that public capital positively and persistently affects GDP in Italy and in its main geographic areas. This result is also attributable to a strong stimulus exerted on...