We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling … sustainability for three fast-growing Southeast Asian economies: Cambodia, Sri Lanka, and Vietnam. We show that a gradual public … investment profile is more favorable than front-loading capital spending because we assume governments are able to gradually …

This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory …. Conversely, it can increase the fiscal multiplier if public investment shocks improve private agents' expectations about future …, we find that unexpected increases in public investment have larger and longer-lasting effects on output, investment, and …

This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a … database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment … depends both on leverage and financial constraints. Public investment boosts private investment for firms with low leverage …

Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher …

systematic comparison of investment efficiency among wholly and partially state-owned, wholly and partially foreignowned, and … investment intensity by 5 percent of GDP without sacrificing its economic growth (and hence deliver a greater improvement to its …

Greece's investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …

The apparent slowdown in U.S. investment and productivity growth in recent years has led to a number of proposals to … stimulate investment through the adoption of tax incentives. This paper describes the incentives that were contained in the … changes on investment in the United States is reviewed, and the likely effect of the Budget’s proposals on investment and …