Massimo Florio

'This is a valuable work that makes a strong case for public investment as a growth instrument. It is rich in theoretical and empirical analyses, making it relevant for practitioners as well as policy makers'. - Anil Duman, Eastern Economic Journal This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union. It provides new data, policy evaluation, and offers national and regional perspectives. the core research questions are the effect of public investment in the context of macroeconomic disequilibrium and how it is possible to finance capital accumulation in the present and future conditions of mounting public sector debt.

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