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Public investment and private capital formation in a vector error-correction model of growth

✍ Scribed by Ghali, Khalifa H.

Book ID
127155579
Publisher
Taylor and Francis Group
Year
1998
Tongue
English
Weight
177 KB
Volume
30
Category
Article
ISSN
0003-6846

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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