The Impact of Public Investment on Private Investment in the Euro Area
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I find that the introduction of the Euro was associated with an increase in the growth rate of physical investment of about five percentage points. The evidence is robust to a variety of controls and robustness checks. The effect of the Euro on investment is strongest immediately following its introduction in 1999, and tapers off by 2003. The effect appears to be equally strong for countries wi...
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ژورنال
عنوان ژورنال: Vierteljahrshefte zur Wirtschaftsforschung
سال: 2015
ISSN: 0340-1707,1861-1559
DOI: 10.3790/vjh.84.3.183