debt for economic growth and investment in Pakistan for the period 1972-2009. It develops a hybrid model that explicitly … relationship with per capita GDP and investment confirming the existence of ?Debt Overhang effect?. However, due to insignificant … relationships of debt servicing with investment and per capita GDP, the existence of the crowding out hypothesis could not be …

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 …

The study examines the long run relationship and interconnections between public debt and domestic investment in 13 … Squares (FMOLS), debt (% of GDP) and external debt have an insignificant effect on investment in the long run, suggesting the … negligible effect of public debt on the level of investments. But domestic investment Granger causes public debt indicators …

investigate the effects of varying fiscal policy instruments one at a time and of policy packages that increase public investment … adjustment. A public investment program that coordinates new investment in low-cost hydroelectric, coal or gas-fired power with a …, stimulates private investment, and significantly reduces the fiscal deficit in the medium long term. More aggressive investment …