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 …

This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … give guarantees for reasons of fiscal prudence. The paper argues that governments and large investment guarantee agencies … be fiscally prudent and yet boost investment, especially in infrastructure, and thereby promote growth …

This paper explores the use of fiscal policy to accelerate development in Pakistan during the period 2013-2022, with a … focus on the creation of fiscal space for increased investment in infrastructure, as well as on indicators related to macro … final high-growth scenario explores requirements and consequences for Pakistan's economy if, during the period 2013-2022, it …

opportunistic expropriation or holdup. The authors find evidence of such underinvestment on tenanted land in rural Pakistan. Using …-specific investment is lower on leased plots. This result is robust to the possible effects of asymmetric information in the leasing … market. Greater tenure security also increases land-specific investment on leased plots. Moreover, variation in tenure …

reliance on domestic savings and government debt increase the sensitivity of housing investment to the cyclicality of growth of …This paper provides the first systematic empirical assessment of the pace at which housing investment has responded to … investment for more than 90 countries. The data set explicitly accounts for investment by households, the government, and the …

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 …