Investing in Public Infrastructure Boosts Greek Regional Economic Growth.
The article explores how investing in public infrastructure can boost economic growth in Greece, especially at the regional level. By analyzing capital stocks in both private and public sectors, the researchers found that public capital plays a significant role in economic development, while private investment has decreased. They divided public capital into 'productive' and 'social' infrastructure, with productive infrastructure having a positive impact on production output. Overall, the study suggests that public infrastructure investment is crucial for promoting economic growth in Greece.