Fujii, Takao; Hiraga, Kazuki; Kozuka, Masafumi - In: Journal of the Japanese and International Economies 27 (2013) C, pp. 35-47
Public investment decreases aggregate private investment in both neoclassical and Keynesian models. There are no findings, however, on how public investment affects private investment on a disaggregated basis, such as sectoral private investment. More specifically, previous research has...
