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the aggregate shocks and the interaction between these shocks and the casual effects. We show that returns to investment …
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We examine empirically the generalizability of internally valid micro estimates of causal effects in a fixed population over time when that population is subject to aggregate shocks. Using panel data we show that the returns to investments in agriculture in India and Ghana, small and medium...
Persistent link: https://www.econbiz.de/10012849153
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 …
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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 link: https://www.econbiz.de/10012973493
macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess … the extent of crowding-in or crowding-out of both components of investment. We also compute the associated macroeconomic … rates of return of public and private investment for each country. The results point mostly to the existence of positive …
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