Article ID Journal Published Year Pages File Type
5092530 Journal of Comparative Economics 2011 17 Pages PDF
Abstract
► There is on average a negative effect of public investment on private investment. ► This result is reversed in countries that have good institutions, open to trade and financtrade and financial flows. ► Public policies should focus on the quality of public investment and the selection, evalution and monitoring of investments, rather than just quantitative targets.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Public investment in developing countries: A blessing or a curse?
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