asymmetric vector autoregressive (VAR) model, the paper finds no real crowding out between public and private investment; rather … to analyze the nonhomogeneity aspects of public investment. The results of the Impulse Response Function reinforced that … investmentin particular, public infrastructure investmentin determining private corporate investment in the medium and long terms …

highways, road, ports, fiber optic, standard gauge railway, and massive investment in road management and maintenance. All … investment in the country. The study used secondary data for 1963 to 2018 from annual statistical abstracts and economic surveys … private investment in the long run. On the contrary, defense and education development spending influence private investment …