Empirical studies on the relationship between public and private investment and GDP growth

References

• Ai , C and Cassou , SP . 1995 . A normative analysis of public capital . Applied Economics , 27 : 1201 – 9 .
   Web of Science ®Google Scholar
• Aiyagari , SR , Christiano , LJ and Eichenbaum , M . 1992 . The output, employment, and interest rate effects of government consumption . Journal of Monetary Economics , 30 : 73 – 86 .
   Web of Science ®Google Scholar
• Aschauer , DA . 1989 . Is public expenditure productive? . Journal of Monetary Economics , 23 : 177 – 200 .
   Web of Science ®Google Scholar
• Barro , RJ . 1990 . Government spending in a simple model of endogenous growth . Journal of Political Economy , 98 : 1 – 37 . part 2
   Web of Science ®Google Scholar
• Barro , RJ . 1991 . Economic growth in a cross section of countries . The Quarterly Journal of Economics , CVI : 407 – 43 .
   Web of Science ®Google Scholar
• Bureau of Economic Analysis . “ National Income and Product Accounts ” . http://www.bea.doc.gov
   Google Scholar
• Child Hill , R . 1990 . “ Federalism and urban policy: the intergovernmental dialectic ” . In The Changing Face of Fiscal Federalism , Edited by: Swartz , TR and Peck , JE . 35 – 53 . Armonk, NY : M. E. Sharpe, Inc. .
   Google Scholar
• Engle , RF and Granger , CWJ . 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , 55 : 251 – 76 .
   Web of Science ®Google Scholar
• Erenburg , SJ . 1993 . The real effects of public investment on private investment . Applied Economics , 25 : 831 – 7 .
   Web of Science ®Google Scholar
• Ghali , KH . 1998 . Public investment and private capital formation in a vector error-correction model of growth . Applied Economics , 30 : 837 – 44 .
   Web of Science ®Google Scholar
• Granger , CWJ and Newbold , P . 1974 . Spurious regressions in econometrics . Journal of Econometrics , 2 : 111 – 20 .
   Google Scholar
• Hsieh , E and Lai , KS . 1994 . Government spending and economic growth: the G-7 experience . Applied Economics , 26 : 535 – 42 .
   Web of Science ®Google Scholar
• Johansen , S . 1991 . Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models . Econometrica , 59 : 1551 – 80 .
   Web of Science ®Google Scholar
• Ministry of Home Affairs . 1990 . Public Investment , : 97 – 9 .
   Google Scholar
• Monadjemi , M . 1993 . Fiscal policy and private investment expenditure: study of Australia and the United States . Applied Economics , 25 : 143 – 8 .
   Web of Science ®Google Scholar
• Munnell , AH . January/February 1990 . “ Why has productivity declined? Productivity and public investment ” . In New England Economic Review , January/February , 3 – 22 . Federal Reserve Bank of Boston .
   Google Scholar
• Munnell , AH . 1992 . Infrastructure investment and economic growth . Journal of Economic Perspectives , 6 : 189 – 98 .
   Web of Science ®Google Scholar
• Nelson , CR and Plosser , CI . 1982 . Trends and random walks in macro-economic time series . Journal of Monetary Economics , 10 : 139 – 62 .
   Web of Science ®Google Scholar
• Pereira , AM . 2001 . On the effects of public investment on private investment: what crowds in what . Public Finance Review , 29 : 3 – 25 .
   Web of Science ®Google Scholar
• Phillips , PCB . 1991 . Optimal inference in cointegrated systems . Econometrica , 59 : 283 – 306 .
   Web of Science ®Google Scholar
• Phillips , PCB and Perron , P . 1988 . Testing for a unit root in time series regression . Biometrika , 75 : 335 – 46 .
   Web of Science ®Google Scholar
• Ram , R and Ramsey , DD . 1989 . Government capital and private output in the United States: additional evidence . Economics Letters , 30 : 223 – 6 .
   Web of Science ®Google Scholar
• Ramirez , MD and Nazmi , N . 2003 . Public investment and economic growth in Latin America: an empirical test . Review of Development Economics , 7 : 115 – 26 .
   Google Scholar
• Ratner , JB . 1983 . Government capital and the production function for US private output . Economics Letters , 13 : 213 – 17 .
   Web of Science ®Google Scholar
• Seitz , H . 1994 . Public capital and the demand for private inputs . Journal of Public Economics , 54 : 287 – 307 .
   Web of Science ®Google Scholar
• Zou , Y . 2003a . A comparative study of Japan and US economic performance: its relationship with public and private investment . The 60th annual meeting of Japan Economic Policy Association, mimeo . 2003a .
   Google Scholar
• Zou , Y . 2003b . On the relationship between public and private investment: an empirical study of Japan . Journal of Economic Policy Studies , 1 : 18 – 29 .
   Google Scholar