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 …

remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union … investment volume of 315 billion Euro should be made available, enabled by 21 billion Euro of public money. The budget … expansive public investment conducted through these Synergetic Financial Instruments and thus gathers information to undertake …