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In this paper, we study the interdependent relationship between three types of investments: foreign direct investments, central government investments, and all other investments, and their role in the gross domestic product dynamics in the Republic of Macedonia, by employing the consistent...
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This paper analyses the contribution of public investment to growth in southern Italy in the second half of the … average (1951-1973), followed by divergence (1974-1995). Using cointegration analysis we find a statistically significant … positive effect of public investment on the growth of the Mezzogiorno in the period 1951-1995. The Bai-Perron tests suggest …
Persistent link: https://www.econbiz.de/10011870263
This study examines the impact of public investment on private investment in South Africa using the autoregressive … public investment crowds in private investment in the long and short run. The NARDL results indicate that the negative shock … in public investment leads to a decrease in private investment in the long and short run. The results show that public …
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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 …
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