engleski

Spillover effects of public investments in Croatia

The paper deals with spillover effects of public investments in Croatia. The hypothesis of high positive spillover effects of public investments in Croatian regions is confirmed. Particularly high coeffients are estimated on spillovers from the highway investments. However, in case of highway investments spillovers in Croatia it is obvious that these benefits are of short run nature. Reliable dataset suggests that it is probably still early to capture long-term effects. The results of the research indicate that public investments are usefull tool for regional growth convergence espeacially by increasing the wages and employment in short term and potentially crowding in private investments in long-term.

spillover effects; investments; highway infrastructure; Croatia; regions

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