We study the strategic incentives of regional governments to allocate their budget to public investment and to public …. Regional investment changes the productivity distribution in the economy, which aects the design of the optimal tax … the investment. Rich and poor regions both have strategic incentives to reduce investment which increases the productivity …

This paper critically evaluates the argument that all government spending is, from the perspective of economic theory …, simply consumption spending. The argument is questionable because it assumes that for investment to be meaningful, it must be … argument also contains terminology structured so as to rule out objections simply by definition. In addition, the consumption-theory …

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 … positive effect of public investment on the growth of the Mezzogiorno in the period 1951-1995. The Bai-Perron tests suggest … investment in the first regime, but not in the second regime, when economic growth is sustained by business investment and …

This study examines the impact of public investment on private investment in South Africa using the autoregressive … public investment crowds in private investment in the long and short run. The NARDL results indicate that the negative shock … in public investment leads to a decrease in private investment in the long and short run. The results show that public …

This study explores the determinants of investment using both aggregated industry-level data and disaggretated data on … government has potentially powerful means at its disposal to stimulate private investment. In particular, a domestic demand … stimulus and public investment expansion will produce large gains in private investment. While the direct effects of lowering …

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …

and government investment spending is associated with an approximate three-fifths of a percentage point increase in … indicate an increase of approximately two-fifths of a percentage point in private equipment investment per year. Projections … annual growth rate (instead of decreasing), the growth rate of private sector equipment investment would have been between 4 …