We estimate public investment gaps in a sample of developing countries using a public investment demand function. We … mortality and lower secondary school completion) to predict public investment needs in 2030 among IDB borrowing countries. Our … estimates suggest that in 2014 the total public investment gap of IDB borrowers was close to $170 billion (3.1 percent of the …

In China, between 2006 and 2013, local public debt crowded out the investment of private firms by tightening their … funding constraints, while leaving state-owned firms' investment unaffected. We establish this result using a purpose …-built dataset for Chinese local public debt. Private firms invest less in cities with more public debt, the reduction in investment …

We estimate public investment gaps in a sample of developing countries using a public investment demand function. We … mortality and lower secondary school completion) to predict public investment needs in 2030 among IDB borrowing countries. Our … estimates suggest that in 2014 the total public investment gap of IDB borrowers was close to $170 billion (3.1 percent of the …

In China, local public debt issuance between 2006 and 2013 crowded out investment by private manufacturing firms by …-level investment ratio of domestic private manufacturing firms. Instrumental variable regressions indicate that this link is causal …. Second, local public debt has a larger negative effect on investment by private firms in industries more dependent on …

corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for … sensitivity of corporate investment to cash flow. These results indicate that the relationship between public debt and investment … is likely to be causal and that public debt crowds out corporate investment by tightening credit constraints. …

In China, between 2006 and 2013, local public debt crowded out the investment of private firms by tightening their … funding constraints, while leaving state-owned firms' investment unaffected. We establish this result using a purpose …-built dataset for Chinese local public debt. Private firms invest less in cities with more public debt, the reduction in investment …

In China, local public debt issuance between 2006 and 2013 crowded out investment by private manufacturing firms by …-level investment ratio of domestic private manufacturing firms. Instrumental variable regressions indicate that this link is causal …. Second, local public debt has a larger negative effect on investment by private firms in industries more dependent on …

corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for … sensitivity of corporate investment to cash flow. These results indicate that the relationship between public debt and investment … is likely to be causal and that public debt crowds out corporate investment by tightening credit constraints. …