Three essays on public investment versus private investment

Detalhes bibliográficos
Autor(a) principal: Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco
Data de Publicação: 2018
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/16387
Resumo: Doutoramento em Economia
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spelling Three essays on public investment versus private investmentInvestmentCrowding-in/outVARPVARGVARDoutoramento em EconomiaThe capacity of public consumption, public investment, and private investment to influence the economic activity has been a research topic for decades, however, there is no consensus about the qualitative effects of fiscal policy. The main goal of this dissertation is to deepen the understanding about what role public intervention, through PPPs, public consumption, and public investment, may play in boosting economic activity and to compare it with the results from innovations in private investment. In the first essay the macroeconomic impact of investment in PPPs, public and private investment in Portugal was tested using a VAR model. The results show that public and private investment has a positive effect in GDP while investment in PPP reduces the Portuguese output. Moreover, an increase in PPP investment crowds-out both private and public investment, while public investment presents a crowding-in effect in both private investment and investment in PPP; and private investment shows the same crowding-in effect in both investment in PPP and public investment. In the second essay, a VAR was applied to a panel data for 14 OECD countries to investigate the dynamic impact of public consumption, public investment, and private investment on the average output of these countries. We find that public consumption plays an active role only in those economies which suffered severe economic consequences in the recent crisis. On the contrary, private investment allows a boost in the output of all the countries under analysis. Finally, in the third essay, a GVAR approach was used to test for the cross- country spillover effects of an increase in public and private investment in 16 countries. The findings show statistically significant cross-border effects mainly in neighboring countries, with the magnitude of the impacts being modest.St. Aubyn, MiguelRepositório da Universidade de LisboaPereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco2018-11-26T11:02:48Z20182018-01-01T00:00:00Zdoctoral thesisinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://hdl.handle.net/10400.5/16387TID:101625677engPereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco (2018). " Three essays on public investment versus privarte investment". Tese de Doutoramento. Universidade de Lisboa, Lisbon School of Economics & Managementinfo: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:RCAAP2024-11-20T19:23:48Zoai:repositorio.ul.pt:10400.5/16387Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-11-20T19:23:48Repositório 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 Three essays on public investment versus private investment
title Three essays on public investment versus private investment
spellingShingle Three essays on public investment versus private investment
Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco
Investment
Crowding-in/out
VAR
PVAR
GVAR
title_short Three essays on public investment versus private investment
title_full Three essays on public investment versus private investment
title_fullStr Three essays on public investment versus private investment
title_full_unstemmed Three essays on public investment versus private investment
title_sort Three essays on public investment versus private investment
author Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco
author_facet Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco
author_role author
dc.contributor.none.fl_str_mv St. Aubyn, Miguel
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco
dc.subject.por.fl_str_mv Investment
Crowding-in/out
VAR
PVAR
GVAR
topic Investment
Crowding-in/out
VAR
PVAR
GVAR
description Doutoramento em Economia
publishDate 2018
dc.date.none.fl_str_mv 2018-11-26T11:02:48Z
2018
2018-01-01T00:00:00Z
dc.type.driver.fl_str_mv doctoral thesis
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/16387
TID:101625677
url http://hdl.handle.net/10400.5/16387
identifier_str_mv TID:101625677
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Pereira, Inácia Carvalho Dias Ferreira Pimentel Pacheco (2018). " Three essays on public investment versus privarte investment". Tese de Doutoramento. Universidade de Lisboa, Lisbon School of Economics & Management
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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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 mluisa.alvim@gmail.com
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