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Public and Private Investments in Greece: Complementary or Substitute ‘Goods’?

✍ Scribed by Nicholas Apergis

Book ID
108526982
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
253 KB
Volume
52
Category
Article
ISSN
0307-3378

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## Abstract The paper attempts to address the issue of complementarity and substitutability of state capital to private sector investment activities in a neoclassical growth framework. It employs a co‐integrated vector autoregressive model to account for potential endogeneity and nonstationarity pr