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Working Paper

Estimating the Relationship Between Local Public and Private Investment

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A discussion of whether public outlays influence private investment, modeling the timing and effectiveness of public infrastructure as a local policy instrument.
05.01.1987ISSN 2573-7953 WP 87-03DOI 10.26509/frbc-wp-201222

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Eberts, Randall, and Michael S. Fogarty. 1987. “Estimating the Relationship Between Local Public and Private Investment.” Federal Reserve Bank of Cleveland, Working Paper No. 87-03. https://doi.org/10.26509/frbc-wp-201222