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The traditional approach towards analyzing the impact of public investment has been through including public capital as a third input factor in a Solow-model production function. Nonetheless, such approach implies several problems both at the theoretical and empirical level. Given such problems, econometric models that require as few theoretic assumptions as possible become important. It is in this framework that the Vector Autoregressive model is introduced and explained. An application to the Swedish economy is consequently conduced as it is interesting to verify the impact of public investment in a country known for its comparably large public sector.

Item Type: MPRA Paper -

Original Title: The impact of public investment in Sweden: A VAR approach.-

Language: English-

Keywords: Public investment, VAR, Sweden, Fiscal Multipliers-

Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; CapacityE - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal PolicyH - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents-

Autor: Brinca, Pedro


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