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 …

affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR …) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes … public infrastructure has both "flow" and "stock" effects on private investment in Egypt, but only a "stock" effect in Jordan …

This paper analyzes the impact of public investment on the dynamics of private capital formation in an intertemporal … capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private …