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Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - 2021

Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...

Persistent link: https://www.econbiz.de/10013245706

Public Versus Private Risk Sharing

Krueger, Dirk - 2010

Can public insurance through redistributive income taxation improve the allocation of risk in an economy in which private risk sharing is limited? The answer depends crucially on the fundamental friction that limits private risk sharing in the first place. If risk sharing is incomplete because...

Persistent link: https://www.econbiz.de/10013149824

Public-Sector Capital and the Productivity Puzzle

Holtz-Eakin, Douglas - 2022

A number of studies have suggested a quantitatively important relationship between public-sector capital accumulation and private sector productivity, with the most compelling evidence derived from analyses of state-level data. Estimates herein of production functions that use standard...

Persistent link: https://www.econbiz.de/10013324617

Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out Effects

Broner, Fernando - 2013

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

Persistent link: https://www.econbiz.de/10013072346

Crowding Out Redefined : The Role of Reserve Accumulation

Reinhart, Carmen - 2013

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … between the sustained reserve accumulation and the persistent and significantly lower levels of investment in the region. Put …

Persistent link: https://www.econbiz.de/10013072866

Volatility and the Investment Response

Aizenman, Joshua - 2008

We use the World Bank decomposition of aggregate investment shares into their private and public components to test for … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …

Persistent link: https://www.econbiz.de/10012774961

Comparing the Investment Behavior of Public and Private Firms

Asker, John - 2014

We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a … rich new data source on private firms. Listed firms invest less and are less responsive to changes in investment … firms, how we measure investment opportunities, lifecycle differences, or our matching criteria. We suggest that the …

Persistent link: https://www.econbiz.de/10013067390

Does Fiscal Policy Matter? Blinder and Solow Revisited

Farmer, Roger E. A. - 2010

This paper uses the old-Keynesian representative agent model developed in Farmer (2010b) to answer two questions: 1) do increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment? Farmer compared permanent tax financed expenditure paths...

Persistent link: https://www.econbiz.de/10013134828

Is Crowding Out Due Entirely to Fundraising? Evidence from a Panel of Charities

Andreoni, James - 2010

When the government gives a grant to a private charitable organization, do the donors to that organization give less? If they do, is it because the grants crowd out donors who feel they gave through taxes (classic crowd out), or is it because the grant crowds out the fund-raising of the...

Persistent link: https://www.econbiz.de/10013138085

Take-Up of Public Insurance and Crowd-Out of Private Insurance Under Recent Chip Expansions to Higher Income Children

Gresenz, Carole R. - 2012

We analyze the effects of states' expansions of CHIP eligibility to children in higher income families during 2002-2009 on take-up of public coverage, crowd-out of private coverage, and rates of uninsurance. Our results indicate these expansions were associated with limited uptake of public...

Persistent link: https://www.econbiz.de/10013113249

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