This paper evaluates the effect of shocks in government investment on private investment and national income, focusing … heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs … evaluate the dynamic change in private investment and income. The study finds evidence of the crowding-out effect of government …

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 …