CRECIMIENTO ECONÓMICO E INVERSIÓN PÚBLICA: UNA PANORÁMICA

Abstract

In this work we revise the main theoretic models on which the inquiry of the relationship between public investment and economic growth has been based, and also the empirical results obtained through its application. The empírical literature revised suggests, growingly, that such relationship exists, that it is positive and significant, and that public investment might have, in some cases and for sorne kinds of investment, even higher returns than those obtained by private investment.