Beznoska, Martin; Kauder, Björn; Obst, Thomas - 2021
Unlike public sector consumption, public investment is often regarded as contributing to growth. Yet while spending on … "intangible" goods such as education does not count as investment, even though it is potentially growth-enhancing, expenditure … with little to no effect on growth often does. This raises the question as to whether the concept of investment should not …
