This paper uses a VAR approach to investigate the effects of public investment on private-sector performance in United States. is consistent with argument that analysis these requires consideration dynamic feedbacks among different variables. Estimation results suggest all types have positive effect private output. Core infrastructure electric and gas facilities, transit systems, airfields, as well sewage water supply systems display highest rates return, 16.1% 9.7%, respectively, closely...

This paper provides a survey of the significant literature on effects public infrastructure investment economic performance and therefore constitutes comprehensive reference for academic researchers policy makers alike. It presents discussion empirical research regarding impact in terms both methodological approaches followed respective conclusions. includes an integrated developments that successively have led to estimation production functions, cost profit functions and, more recently,...

This article provides an empirical investigation of the effects public investment on evolution private in United States. It is based impulse response analysis associated with vector auto-regressive (VAR) estimates. The results suggest that at aggregate level, crowds investment. Disaggregating shows crowding-in effect strong for equipment and only marginal structures. particularly cases industrial transportation equipment. In fact, marginally out information A final look different types...

In this paper, we use a VAR approach to investigate the effects of public investment in transportation infrastructures on private investment, employment, and output Portugal. Estimation results suggest that crowds has strong positive effect output. We estimate one euro increases long-term by 9.5 euros, which corresponds rate return 15.9%. These figures imply there are budgetary benefits from form increased future tax revenues. A closer look at different types uncovers same general patterns....

This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce which accommodates the possible presence economies or diseconomies scale from marriage. We show that a scenario higher rates will be associated savings in lower In context traditional gender roles, this implies saving by young men women than less countries, opposite being case married relative to those men. establish relevance roles marital status understanding cross-country...

In this article we use an autoregressive fractionally integrated moving average approach to measure the degree of fractional integration aggregate world CO2 emissions and its five components – coal, oil, gas, cement, gas flaring. We find that all variables are stationary mean reverting, but exhibit long-term memory. Our results suggest both coal oil combustion have weakest long-range dependence, while from flaring strongest. With evidence long memory, conclude transitory policy shocks likely...

Abstract The empirical results reported in this paper suggest that only about 20% of the aggregate effects public investment highways US are captured by direct on each state output itself. remaining 80% correspond to spillover from other states. This result may provide an answer paradox literature findings large at level have not been matched regional level. is because analysis has typically ignored possible existence effects.

This paper uses a vector autoregression (VAR) approach to evaluate the effects of public investment on private sector performance in Spain. Empirical results suggest that positively affected investment, employment, and output at both aggregate regional levels. The regions benefited most from last two decades were Cataluña, Madrid, Pais Vasco. These are among largest economic areas country ones with highest GDP per capita. Accordingly, while an important factor for growth, has also been...

A VAR approach is used to analyze the effects of export growth on evolution GDP, domestic employment, and investment in 39 economies. The results strongly support export‐led hypothesis. Export affects GDP positively 30 countries. In six countries, all them inward‐looking, are negative. For these for countries alone, has a negative effect both employment investment. This also suggests importance indirect exports growth.

This article explores the capacity for environmental fiscal reform to reduce carbon dioxide (CO 2 ) emissions, stimulate economic performance, and promote sustainability. Simulation results suggest that reforms based on CO taxation gross domestic product (GDP) when tax revenues are used private or public investment employment finance reductions in personal income firms’ social security contributions. More generally, allow costs of climate policy, a weaker realization second dividend. In...

The objective of this paper is to evaluate the effects at industry level public investment in transportation infrastructures Portugal. empirical results are based on VAR/ECM models for Portuguese economy and eighteen industries covering whole spectrum economic activity country. These consider private-sector output, employment as well investment. Empirical aggregate indicate that has a positive effect both private inputs output it affects labor productivity positively. results, however, hide...

Purpose This paper seeks to estimate the long‐term effects on output of different fiscal policies in Portugal. Design/methodology/approach Results are obtained from accumulated impulse response functions associated with unrestricted VAR models that include several public spending and taxation variables addition output. Findings Empirical results suggest within Keynesian paradigm for investment direct taxation. In turn, non‐Keynesian dominate case intermediate consumption indirect where...

Using a dynamic general equilibrium model, we simulate the environmental, economic, and budgetary effects in Portugal of new carbon tax indexed to price European Union's Emissions Trading System market. Through careful recycling revenues finance lower personal income taxes, Social Security contributions, higher investment credits – particular when changes are directed at promoting energy efficiency show that it is possible design reform boosts economic growth strengthens fiscal...