The impact of public investment on growth in the region of Central Vietnam

Abstract

In recent years, the role of public investment and private investment in economic development has quickly become the subject of much debate research worldwide. Public investment in infrastructure and to improve the quality of human resources can increase productivity and profitable private capital for growth. However, public investment can "overwhelm" private investment in the use of scarce resources, thus negatively impact growth. The article was to quantify the impact of public investment and investment private sector to economic growth in the Central region. The experimental results show that the role of public investment in economic growth continues to fall, while investment from the nucleus increasingly important role in Growth in the Central region.