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On the Long-term Economic and Budgetary Effects of Public-Sector Investment
The authors use a VAR/ECM approach to determine the effects of aggregated public investment on output, employment and private investment for five European Union countries.
Link
http://econpapers.repec.org/scripts/redir.pl?u=http%3A%2F%2Fwww.ersa.org%2Fersaconfs%2Fersa05%2Fpapers%2F146.pdf;h=repec:wiw:wiwrsa:ersa05p146