Aubyn, Miguel St.; Pina, Ãlvaro Manuel - In: Economics Bulletin 8 (2006) 5, pp. 1-4
A new method of empirically computing the macroeconomic returns to public investment is proposed. Pereira's (2000 …) technique is modified, and a measure which accounts for both public and private investment costs is suggested. An empirical … consideration the full investment effort halves estimated returns when partial public costs only are considered. …