Research Article
Public Investments, Human Capital, and Political Stability: The Triptych of Economic Success
Table 1
Expected sign of the factors defined in the empirical analysis.
| Designation | Expected sign |
| Initial GDP | − | Initial human capital | + | Public investments | + | Private investments | + | Volatility of fiscal policy | − | “Good” governance | + | Government consumption | −/+ | Inflation | −/+ |
|
|