Jong-A-Pin, Richard; de Haan, Jakob - Economics Department, European Investment Bank (EIB) - 2008
This paper presents new estimates for 21 OECD countries covering the period 1960-2001, focusing on two questions: To what extent does the impact of public capital on output differ across countries? And to what extent does it differ over time? Using vector autoregressions (VARs), we find that in...