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Persistent link: https://www.econbiz.de/10003859726
In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...
Persistent link: https://www.econbiz.de/10013316261
Persistent link: https://www.econbiz.de/10011549508
In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...
Persistent link: https://www.econbiz.de/10003970447
Persistent link: https://www.econbiz.de/10010225075
Persistent link: https://www.econbiz.de/10011571165
We study the macroeconomic effects of public and private investment in 17 OECD economies through a VAR analysis with … annual data from 1960 to 2014. From impulse response functions we find that public investment had a positive growth effect in … most countries, and a contractionary effect in Finland, UK, Sweden, Japan, and Canada. Public investment led to private …
Persistent link: https://www.econbiz.de/10012989945
Persistent link: https://www.econbiz.de/10012111356
2019, using a Vector Autoregressive (VAR) approach. We assess whether higher investment levels drive economic growth and … dynamic relationships between them. The findings show that private investment consistently stimulates growth, while public … investment’s impact varies by country. The analysis underscores the importance of investment sequencing, suggesting the need for …
Persistent link: https://www.econbiz.de/10015081346
Persistent link: https://www.econbiz.de/10003859989