How should we measure the return on public investment in a VAR

Pereira’s (2000) method of computing the return on public investment in a VAR is extended. A new return measure which accounts for public and private costs is proposed. An application to US data shows non-trivial differences between alternative return rates.

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Year of publication:	2005
Authors:	Pina, Álvaro Manuel ; Aubyn, Miguel St.
Institutions:	ISEG - School of Economics and Management, Department of Economics, University of Lisbon
Subject:	Public investment \| rate of return \| VAR

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Extent:	application/pdf
Series:	Working Papers Department of Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2005/04
Classification:	C32 - Time-Series Models ; H43 - Project Evaluation; Social Discount Rate ; H57 - Procurement ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593049