Romp, Ward E.; Haan, Jakob de - In: EIB papers 10 (2005) 1, pp. 41-70
This paper provides an overview of both theoretical and empirical literature on the link between public investment … (capital) and economic growth (national income). We first survey the channels through which public capital can conceivably … economic growth. However, the impact reported by recent studies is not as big as some earlier studies suggested. We conclude …