Kwasi Fosu A.; Getachew Y.Y.; Ziesemer T.H.W. - United Nations University-Maastricht Economic Research … - 2014
This paper develops a model positing a nonlinear relationship between public investment and growth. The model is then applied to a panel of African countries using nonlinear estimating procedures. The growth-maximizing level of public investment is estimated at about 10 percent of GDP based on...