𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Public Investment, Congestion, and Private Capital Accumulation

✍ Scribed by Walter H. Fisher; Stephen J. Turnovsky


Book ID
108557064
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
236 KB
Volume
108
Category
Article
ISSN
0013-0133

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Private capital formation and public inv
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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