IDEAS home Printed from
   My bibliography  Save this paper

Estimating the relationship between local, public and private investment


  • Randall W. Eberts
  • Michael S. Fogerty


A discussion of whether public outlays influence private investment, modeling the timing and effectiveness of public infrastructure as a local policy instrument.

Suggested Citation

  • Randall W. Eberts & Michael S. Fogerty, 1987. "Estimating the relationship between local, public and private investment," Working Paper 8703, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:8703

    Download full text from publisher

    File URL:
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    1. Thomas Doan & Robert B. Litterman & Christopher A. Sims, 1983. "Forecasting and Conditional Projection Using Realistic Prior Distributions," NBER Working Papers 1202, National Bureau of Economic Research, Inc.
    2. Litterman, Robert B, 1986. "Forecasting with Bayesian Vector Autoregressions-Five Years of Experience," Journal of Business & Economic Statistics, American Statistical Association, vol. 4(1), pages 25-38, January.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Makuyana, Garikai & Odhiambo, Nicholas Mbaya, 2017. "Public and private investment and economic growth in Malawi:An ARDL-bounds testing approach," Working Papers 22003, University of South Africa, Department of Economics.
    2. Sharon J. Erenburg, 1993. "The Relationship Between Public and Private Investment," Economics Working Paper Archive wp_85, Levy Economics Institute.
    3. Alfredo M. Pereira & Jorge M. Andraz, 2013. "On The Economic Effects Of Public Infrastructure Investment: A Survey Of The International Evidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 1-37, December.
    4. Marie-Ange VEGANZONES-VAROUDAKIS, 2000. "Infrastructures, investissement et croissance : un bilan de dix années de recherches," Working Papers 200007, CERDI.
    5. Erenburg, S. J. & Wohar, Mark E., 1995. "Public and private investment: Are there causal linkages?," Journal of Macroeconomics, Elsevier, vol. 17(1), pages 1-30.
    6. Boarnet, Marlon G., 1996. "The Direct and Indirect Economic Effects of Transportation Infrastructure," University of California Transportation Center, Working Papers qt1506r290, University of California Transportation Center.
    7. Laura Wolf-Powers, 2013. "Predictors of Employment Growth and Unemployment in U.S. Central Cities, 1990-2010," Upjohn Working Papers and Journal Articles 13-199, W.E. Upjohn Institute for Employment Research.
    8. Boarnet, Marlon G., 1995. "Highways and Economic Productivity: Interpreting Recent Evidence," University of California Transportation Center, Working Papers qt4g79984s, University of California Transportation Center.
    9. Sharon J. Erenburg, "undated". "Linking Public Capital to Economic Performance, Public Capital: The Missing Link Between Investment and Economic Growth ," Economics Public Policy Brief Archive 14, Levy Economics Institute.
    10. Laura de Pablos Escobar, 1998. "Introducción al estudio de la incidencia del gasto público," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 98-17, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
    11. Sylvie Charlot, 1996. "Effects of public expenditures on economic development : a model of regional equilibrium
      [Les effets des dépenses publiques sur la croissance : un modèle d'équilibre régional]
      ," Working Papers hal-01526935, HAL.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcwp:8703. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (4D Library). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.