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        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries
        “Crowding in” and the Returns to Government  Investment in Low-Income Countries

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        “Crowding in” and the Returns to Government Investment in Low-Income Countries

        ABSTRACT

        This paper estimates the effect of government investment on private investment in a sample of 39 low-income countries. Fluctuations in a predetermined component of disbursements on loans from official creditors to developing country governments are used as an instrument for fluctuations in public investment. The analysis finds evidence of “crowding in”: an extra dollar of government investment raises private investment by roughly two dollars, and output by 1.5 dollars. To understand the implications for the return to public investment, a CES production function with public and private capital as inputs is calibrated. For most countries in the sample, the returns to government investment exceed the wor ....read more

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        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size1.3 MB
        • LanguageEnglish
        • Stacks0
        • Postedabout 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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