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Julkinen velka ja tuottavuus-kasvu yksityisten investointien näkökulmasta
Puonti, Päivi - 2022
Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak … connection between public indebtedness and productivity growth from the point of view of private investment. According to … existing economic research, public debt crowds out private investment slowing down both economic and productivity growth. Our …
Persistent link: https://www.econbiz.de/10014278317
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Does public debt crowd out corporate investment? : international evidence
Huang, Yi; Panizza, Ugo; Varghese, Richard - 2018
Using data for advanced and emerging economies, we show that there is a negative correlation between public debt and corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for industries that need more external financial resources....
Persistent link: https://www.econbiz.de/10011927492
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Fiscal sustainability using growth-maximising debt targets
Checherita-Westphal, Cristina; Hughes Hallett, Andrew; … - 2012
a simple theoretical model. On the basis of evidence on the productivity of public capital, we estimate public debt …
Persistent link: https://www.econbiz.de/10011605517
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Fiscal Sustainability using Growth-Maximising Debt Targets
Checherita-Westphal, Cristina D. - 2012
a simple theoretical model. On the basis of evidence on the productivity of public capital, we estimate public debt …
Persistent link: https://www.econbiz.de/10013100835
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What Determines Private Investment? The Case of Pakistan
Khan, Sajawal; Khan, Muhammad Arshad - East Asian Bureau of Economic Research (EABER) - 2007
This study is an attempt to analyse the determinants of private investment in Pakistan over the period 1972-2005. The ARDL co-integration approach is employed to check the existence of a long-run relationship as well as short-run dynamics of investment. The results show that most traditional...
Persistent link: https://www.econbiz.de/10009365406
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What Determines Private Investment? The Case of Pakistan
Khan, Sajawal; Khan, Muhammad Arshad - Pakistan Institute of Development Economics - 2007
This study is an attempt to analyse the determinants of private investment in Pakistan over the period 1972-2005. The ARDL co-integration approach is employed to check the existence of a long-run relationship as well as short-run dynamics of investment. The results show that most traditional...
Persistent link: https://www.econbiz.de/10005745352
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Development accounting and international trade
Ishise, Hirokazu - 2015
in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the … parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show …
Persistent link: https://www.econbiz.de/10011311201
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Local crowding out in China
Huang, Yi; Pagano, Marco; Panizza, Ugo - 2019
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...
Persistent link: https://www.econbiz.de/10012114894
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Does public debt crowd out corporate investment? International evidence
Huang, Yi; Panizza, Ugo; Varghese, Richard - 2018
Using data for advanced and emerging economies, we show that there is a negative correlation between public debt and corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for industries that need more external financial resources....
Persistent link: https://www.econbiz.de/10012049282
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Does Government Domestic Debt Crowd-out Domestic Investment in Nigeria? An Empirical Re-investigation
Aigheyisi, Oziengbe - 2020
This paper investigates the impact of domestic debt on domestic investment in Nigeria for the period 1981-2012 using the Johansen maximum likelihood cointegration test and the Engle-Granger two-steps error correction model (ECM). The empirical evidence shows that the variables of the model...
Persistent link: https://www.econbiz.de/10012826690