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projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both …
Persistent link: https://www.econbiz.de/10014313459
cointegrated vector autoregression (VAR),weestimate a Cobb-Douglas production function for Portugal with public and human capital …
Persistent link: https://www.econbiz.de/10014053688
cointegrated VAR, we estimate a Cobb-Douglas production function for Portugal with public and human capital. Return rates are then …
Persistent link: https://www.econbiz.de/10014069645
Liberia is facing large infrastructure gaps and developmental needs that constrain the country's growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10013071367
The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...
Persistent link: https://www.econbiz.de/10012783199
The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...
Persistent link: https://www.econbiz.de/10014064014
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
Persistent link: https://www.econbiz.de/10014064013
We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … the debt-to-GDP ratio. Our results show the prevalence of a Ricardian fiscal regime in Portugal. If the (i-g) differential … financial assistance program to Portugal, between 2011Q2 and 2014Q2. …
Persistent link: https://www.econbiz.de/10014391313
This paper analyzes the real (direct) and financial crowding out in India between 197071 and 200203. Using an asymmetric vector autoregressive (VAR) model, the paper finds no real crowding out between public and private investment; rather, complementarity is observed between the two. The...
Persistent link: https://www.econbiz.de/10003727244
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10003986626