infrastructure may affect private investment. The second part describes our empirical framework, which is based on a VAR model that … accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes in output … infrastructure has both flow and stock effects on private investment in Egypt, but only a stock effect in Jordan and Tunisia. But …

Chile to compile and categorize public expenditures and programs supporting the Chilean wine industry over the period of … 1990-2012 into investment in different types of knowledge capital. These spending categories are related to industry …

;innovation shortfallquot;, usually identified as a low rate of investment in research and development (Ramp;D) when compared with some high … innovation countries. The usual reaction to this perceived problem is to call for increases in Ramp;D investment rates, usually … Ramp;D investment rate may be appropriate given the economy's pattern of specialization, or may be just one manifestation …

total public investment in infrastructure, education, and health in the context of a sustainable resource fund: the spend … structure of investment between infrastructure, education, and health. The model is applied to Kenya. For impacts on the non … exercise: the scaling effect, which describes the level of total investment, and the composition effect, which defines the …

opportunitycost of capital for public investment projects and underlines the relevance of additional considerations, such as changes …

This paper estimates the effect of government investment on private investment in a sample of 39 low-income countries … used as an instrument for fluctuations in public investment. The analysis finds evidence of "crowding in" : an extra dollar … of government investment raises private investment by roughly two dollars, and output by 1.5 dollars. To understand the …

persistent infrastructure financing gap in developing countries has motivated some governments to encourage their sovereign … vehicle for politically driven "investments." First, the risks and opportunities of domestic investment by sovereign wealth … integrity of investment decisions. The paper argues that a well-governed sovereign wealth fund, with a sound mandate and …

While debt-financed productive public investment raises a country?s debt ratios in the short run, it can also generate … whether countries meet the conditions for realizing the net benefits over the costs of public investment debt financing. While … investment projects by having in place adequate project management: (i) project screening and appraisal, (ii) a clear connection …

, contrary to other countries, public investment in the West African Economic and Monetary Union (WAEMU) has been pro …-cyclical. Public investment contracts more in "bad times" than it increases in "good times" and appears to have become pro …

similar income level. This paper analyzes aspects of an ambitious investment program on which the government has embarked to … questionable given the low absorptive capacity of the country and in particular the poor efficiency of public investment management … policies, MAMS (Maquette for MDG Simulations). The results of the simulations show that slightly delaying large investment …