Public Investment, Growth and Fiscal Constraints
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Public Investment, Growth and Fiscal Constraints

Challenges for the EU New Member States

Edited by Massimo Florio

This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union. It provides new data, policy evaluation, and offers national and regional perspectives. The core research questions are the effect of public investment in the context of macroeconomic disequilibrium and how it is possible to finance capital accumulation in the present and future conditions of mounting public sector debt.
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Chapter 2: Recent Advances in Public Investment, Fiscal Policy and Growth

Chiara Del Bo

Extract

2. Recent advances in public investment, fiscal policy and growth Chiara Del Bo* INTRODUCTION Economic growth is one of the most extensively studied topics in economics and one of the key questions researchers are seeking to answer is ‘what is the...

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