The impact of investment in public private partnerships on public, private investment and GDP in Portugal

Detalhes bibliográficos
Autor(a) principal: Pimentel, Inácia
Data de Publicação: 2017
Outros Autores: St.Aubyn, Miguel, Ribeiro, Nuno
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/13932
Resumo: In this paper we test the macroeconomic impact of investment in public-private partnerships, public and private investment in Portugal through a VAR model with four variables: public and private investment, PPP investment and GDP, to the period 1998- 2013. An assessment of crowding-in / crowding-out effects of investment in PPPs is carried out. We also proceed to the calculation of macroeconomic rates of return on investment in PPP, public investment and private investment. The results show that public and private investment has a positive effect in GDP while investment in PPP reduces the Portuguese GDP. In what concerns to crowding-in/crowding-out effects an increase in PPP investment crowds-out both in private and public investment, while public investment presents a crowding-in effect both in private investment and in investment in PPP; and private investment shows the same crowding-in effect both in investment in PPP and in public investment.
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spelling The impact of investment in public private partnerships on public, private investment and GDP in PortugalInvestment Public-PrivateMacroeconomic RatesVAR ModelPortugalIn this paper we test the macroeconomic impact of investment in public-private partnerships, public and private investment in Portugal through a VAR model with four variables: public and private investment, PPP investment and GDP, to the period 1998- 2013. An assessment of crowding-in / crowding-out effects of investment in PPPs is carried out. We also proceed to the calculation of macroeconomic rates of return on investment in PPP, public investment and private investment. The results show that public and private investment has a positive effect in GDP while investment in PPP reduces the Portuguese GDP. In what concerns to crowding-in/crowding-out effects an increase in PPP investment crowds-out both in private and public investment, while public investment presents a crowding-in effect both in private investment and in investment in PPP; and private investment shows the same crowding-in effect both in investment in PPP and in public investment.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaPimentel, InáciaSt.Aubyn, MiguelRibeiro, Nuno2017-07-14T10:36:05Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/13932engPimentel, Inácia. Miguel St.Aubyn e Nuno Ribeiro .2017. “The impact of investment in public private partnerships on public, private investment and GDP in Portugal”. Instituto Superior de Economia e Gestão. DE Working papers nº 13-2017/DE/UECEISSN 2183-1815info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:44:01Zoai:www.repository.utl.pt:10400.5/13932Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:59:50.336192Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of investment in public private partnerships on public, private investment and GDP in Portugal
title The impact of investment in public private partnerships on public, private investment and GDP in Portugal
spellingShingle The impact of investment in public private partnerships on public, private investment and GDP in Portugal
Pimentel, Inácia
Investment Public-Private
Macroeconomic Rates
VAR Model
Portugal
title_short The impact of investment in public private partnerships on public, private investment and GDP in Portugal
title_full The impact of investment in public private partnerships on public, private investment and GDP in Portugal
title_fullStr The impact of investment in public private partnerships on public, private investment and GDP in Portugal
title_full_unstemmed The impact of investment in public private partnerships on public, private investment and GDP in Portugal
title_sort The impact of investment in public private partnerships on public, private investment and GDP in Portugal
author Pimentel, Inácia
author_facet Pimentel, Inácia
St.Aubyn, Miguel
Ribeiro, Nuno
author_role author
author2 St.Aubyn, Miguel
Ribeiro, Nuno
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Pimentel, Inácia
St.Aubyn, Miguel
Ribeiro, Nuno
dc.subject.por.fl_str_mv Investment Public-Private
Macroeconomic Rates
VAR Model
Portugal
topic Investment Public-Private
Macroeconomic Rates
VAR Model
Portugal
description In this paper we test the macroeconomic impact of investment in public-private partnerships, public and private investment in Portugal through a VAR model with four variables: public and private investment, PPP investment and GDP, to the period 1998- 2013. An assessment of crowding-in / crowding-out effects of investment in PPPs is carried out. We also proceed to the calculation of macroeconomic rates of return on investment in PPP, public investment and private investment. The results show that public and private investment has a positive effect in GDP while investment in PPP reduces the Portuguese GDP. In what concerns to crowding-in/crowding-out effects an increase in PPP investment crowds-out both in private and public investment, while public investment presents a crowding-in effect both in private investment and in investment in PPP; and private investment shows the same crowding-in effect both in investment in PPP and in public investment.
publishDate 2017
dc.date.none.fl_str_mv 2017-07-14T10:36:05Z
2017
2017-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/13932
url http://hdl.handle.net/10400.5/13932
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Pimentel, Inácia. Miguel St.Aubyn e Nuno Ribeiro .2017. “The impact of investment in public private partnerships on public, private investment and GDP in Portugal”. Instituto Superior de Economia e Gestão. DE Working papers nº 13-2017/DE/UECE
ISSN 2183-1815
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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