Pereira, Alfredo Marvao; Pinho, Maria de Fatima - In: Journal of Economic Development 36 (2011) 1, pp. 1-20
can be gathered in four groups according to the nature of the economic and budgetary impact of public investment. The … second group includes Finland, Portugal, and Spain, where public investment does not pay for itself and, therefore, cuts are … comes at a cost, in terms of both long-term economic performance and future budgetary contention efforts. First, common …