This paper analyses the contribution of public investment to growth in southern Italy in the second half of the … average (1951-1973), followed by divergence (1974-1995). Using cointegration analysis we find a statistically significant … positive effect of public investment on the growth of the Mezzogiorno in the period 1951-1995. The Bai-Perron tests suggest …

by currency weakness and credit downgrades. The study investigated if public debt can influence public investment and … decomposition were applied to achieve the objectives. The cointegration test has found the existence of long-run relationship among … investment. Since there is direct link between investment and economic growth, there is an inverse relationship in the public …

This paper investigates the causal links between domestic capital investment, foreign direct investment (FDI), and … cointegration approach. The fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and the canonical … between non-oil GDP growth and domestic capital investment, and bidirectional causality between FDI and domestic capital …