Construction investments and economic growth in Western Europe

Journal of Policy Modeling

Volumn 29, Issue 3, 2007, Pages 439-451

  Wigren, Rune ^a   Wilhelmsson, Mats ^b  

^a UPPSALA UNIVERSITY   (Sweden)

^b ROYAL INSTITUTE OF TECHNOLOGY   (Sweden)

Author keywords

Construction; Crowding out; Economic growth; Filling in; Granger causality

Indexed keywords

EID: 34249735954     PISSN: 01618938     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpolmod.2006.10.001     Document Type: Article

References (25)

1. Ashauer D.A. Is public investment productive?. Journal of Monetary Economics 23 (1989) 177-200
2. Banerjee A., Dolado J.J., Galbraith J.W., and Hendry D.F. Co-integration, error-correction, and the econometric analysis of non-stationary data (1993), Oxford University Press Inc., New York
3. Button K. Infrastructure investment, endogenous growth and economic convergence. The Annals of Regional Science 32 (1998) 145-162
4. Coulson E., and Kim M.-S. Residential Investment, Non-residential Investment and GDP. Real Estate Economics 28 2 (2002) 233-248
5. Duffy-Deno K.T., and Eberts R.W. Public infrastructure and regional economic development: A simultaneous equations approach. Journal of Urban Economics 30 (1991) 329-343
6. EIB Group (2004). Projects financed in 2003 and statistics.
7. Engle R.F., and Granger C.W.J. Co-integration and error correction: Representation, estimation, and testing. Econometrica 55 2 (1987) 251-276
8. Esfahani H.S., and Ramirez M.T. Institutions, infrastructure, and economic growth. Journal of Development Economics 70 (2003) 443-477
9. Gallet C.A. Housing market segmentation: An application of convergence tests to Los Angeles region housing. The Annals of Regional Science 38 (2004) 551-561
10. Gramlich E.M. Infrastructure investment: A review essay. Journal of Economic Literature 32 (1994) 1176-1196
11. Green R. Follow the leader: How changes in residential and non-residential investment predict changes in GDP. Real Estate Economics 25 (1997) 253-270
12. Ho M.H.C., and Kwong T.-m. Speculation and property price: Chicken and egg paradox. Habitat International 26 (2002) 347-361
13. Holtz-Eakin D. Public-sector capital and the productivity puzzle. The Review of Economic and Statistics 70 1 (1994) 12-21
14. Holtz-Eakin D., and Schwartz A.E. Infrastructure in a structural model of economic growth. Regional Science and Urban Economics 25 (1995) 131-151
15. Im K.S., Pesaran M.H., and Shin Y. Testing for unit roots in heterogeneous panels. Journal of Econometrics 115 (2003) 53-74
16. Jiang, B. (2001). A Review of Studies on the Relationship between Transport Infrastructure Investments and Economic Growth. Canada Transportation Act Review. Vancouver, British Columbia.
17. Munnell A.H. Why has productivity growth declined? Productivity and public investment. New England Economic Review January (1990) 3-22
18. Murray M.P. Subsidized and unsubsidized housing stocks 1935 to 1987: Crowding out and cointegration. Journal of Real Estate Finance and Economics 18 1 (1999) 107-124
19. Narayan P.K. Do public investments crowd out private investments? Fresh evidence from Fiji. Journal of Policy Modeling 26 (2004) 747-753
20. Nijkamp P., and Poot J. Meta-analysis of the effect of fiscal policies on long-run growth. European Journal of Political Economy 20 (2004) 91-124
21. Perron P. The grat crash, the oil price shock, and the unit root hypothesis. Econometrica 57 (1989) 1361-1401
22. Romer P.M. Increasing returns and long-run growth. Journal of Political Economy 94 (1986) 1002-1037
23. Shiu A., and Lam P.-L. Electricity consumption and economic growth in China. Energy Policy 32 (2004) 47-54
24. Sinai T., and Waldfogel J. Do low-income housing subsidies increase the occupied housing stock?. Journal of Public Economics 89 (2005) 2137-2164
25. Wang E.C. Public infrastructure and economic growth: A new approach applied to East Asian economies. Journal of Policy Modeling 24 (2002) 411-435