{"id":2813,"date":"2016-03-17T11:26:41","date_gmt":"2016-03-17T11:26:41","guid":{"rendered":"http:\/\/kepe.webnut.gr\/2016\/03\/17\/dp_150-2\/"},"modified":"2016-03-17T11:26:41","modified_gmt":"2016-03-17T11:26:41","slug":"dp_150-2","status":"publish","type":"post","link":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/discussion-papers\/dp_150-2\/","title":{"rendered":"No. 150. PUBLIC INVESTMENT MULTIPLIERS IN EU COUNTRIES: DOES THE EFFICIENCY OF PUBLIC SECTOR MATTER?"},"content":{"rendered":"<p><span style=\"font-size: 10pt;\">S. Papaioannou. 2016.<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2016\/03\/DP_150_Papaioannou_exof.pdf\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\" alignleft size-full wp-image-5135\" style=\"margin: 3px 10px 3px 2px; border: 1px solid #000000; float: left;\" src=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2016\/03\/DP_150_Papaioannou_exof_200x294.jpg\" alt=\"DP 150 Papaioannou exof 200x294\" width=\"200\" height=\"294\" \/><\/a>This study examines whether differences in public sector efficiency are associated with diverging effects of public investment on growth. At first stage, we estimate public investment multipliers for each country of the European Union (EU). Their size varies considerably across countries. Then we construct measures of public sector efficiency which are used in the econometric analysis to study the relationship between public investment and growth. The main result of the econometric analysis is that the efficiency of public sector indeed matters in raising the influence of public investment on growth. This result remains robust to several changes in the econometric specification and to various measures of government efficiency which used as explanatory variables in the econometric estimations.<br \/><\/span><\/p>\n<hr \/>\n<p style=\"text-align: justify;\">&nbsp;<span style=\"font-size: 10pt;\">(<a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2016\/03\/DP_150_Papaioannou.pdf\" target=\"_blank\" rel=\"noopener\">pdf<\/a>)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. Papaioannou. 2016.<\/p>\n","protected":false},"author":1,"featured_media":5135,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[],"class_list":["post-2813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discussion-papers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No. 150. PUBLIC INVESTMENT MULTIPLIERS IN EU COUNTRIES: DOES THE EFFICIENCY OF PUBLIC SECTOR MATTER? - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/discussion-papers\/dp_150-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No. 150. 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