This book shows the necessity of measuring the incidence-basis indirect economic effects of public investments. The essential argument can be traced back to H. Mohring versus J. Tinbergen, the conclusions of one contradicting those of the other. Their arguments are called, respectively,...

Klappentext: Die Leasinggesellschaften versuchen zunehmend auch im öffentlichen Sektor Fuß zu fassen. Leasing wird hier häufig als ein Allheilmittel bei leeren öffentlichen Kassen gepriesen. In diesem Buch wird zunächst die Vorteilhaftigkeit des Kommunal-Leasings theoretisch untersucht....

Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activity may be correspondingly negatively affected. At the same time, however, public...

Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...