Government investment in a small open economy

• Authors: Major K. , Szilagyi K.
• Languages of publication: HU

Abstracts

EN

The article examines the effect of government investment on a small open economy. It explores government capital expenditures on the kind of infrastructural developments that not only increase the country's output directly, but provide positive externals for private-sector production. The authors examine what long and short-term effects ambitious state developments have, depending on the outside transfers and the credit sources available. It is concluded that although the model in its present, strongly stylized form is only a numerical example (so that the numerical conclusions to be drawn from it are very limited in validity), the lessons presented here are interesting and may contribute new criteria to the lively Hungarian debates on the likely effects of state development spending and Union transfers.

Keywords

EN

GOVERNMENT INVESTMENT; INFRASTRUCTURE

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 1
• Pages: 29-48
• Document type: ARTICLE

Contributors

author

Major K.

author

Szilagyi K.

• K. Major, no address given, contact the journal editor

Identifiers

CEJSH db identifier

07HUAAAA02996151