The macroeconomic effects of public investment: Evidence from advanced economies

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• 作者：Abdul Abiad (ADB)^a ; ^{aabiad@imf.org} ; Davide Furceri (IMF ; University of Palermo)^b ; ^{dfurceri@imf.org} ; Petia Topalova (IMF)^b ; ^{ptopalova@imf.org}
• 关键词：E32 ; D84 ; F02 ; Q41 ; Q43 ; Q48
• 刊名：Journal of Macroeconomics
• 出版年：2016
• 出版时间：December 2016
• 年：2016
• 卷：50
• 期：Complete
• 页码：224-240
• 全文大小：1553 K
• 卷排序：50

文摘

Increased public investment raises output, both in the short term and in the long term. Effects are stronger during periods of slack. Investment efficiency increases the response of output to public investment.