The importance of infrastructures investments is linked to their possibility of supporting aggregate demand in the short- and mid-period and of having an important effect in the long-period, by a structural rise of production level (so-called non-keynesian effect). Methodologies adopted in...

This paper assesses the effects of public capital in Italy on the main macroeconomic aggregates: GDP, private capital and labour. A cointegrated vector autoregressive (VAR) model, in line with recent advancements in the field, allows us to take into account the complex nexus of direct and...

Based on a VAR model, which allows to take into account direct and indirect links between the variables, this paper shows that public capital positively and persistently affects GDP in Italy and in its main geographic areas. This result is also attributable to a strong stimulus exerted on...