Creel, Jérôme; Saraceno, Francesco; Veroni, Paola - Department of Economics, Sciences économiques - 2007
This paper uses the SVAR methodology to investigate the effects of public investment on growth, and more specifically … a long run framework, public investment has a significant and permanently positive effect on GDP growth; this result … comparing different subsamples, that the introduction of the golden rule in 1997 strengthened the positive effect of public …