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 application to US data shows that differences between...
