Public Investment and Economic Performance in Highly Indebted Poor Countries: An Empirical Assessment

被引：7

作者：

Belloc, Marianna ^{[1
]}

Vertova, Pietro ^{[2
,3
]}

机构：

[1] Univ Roma La Sapienza, Dept Econ, Rome, Italy

[2] Univ Siena, Dept Econ, Siena, Italy

[3] Bocconi Univ, Inst Econ, Milan, Italy

来源：

INTERNATIONAL REVIEW OF APPLIED ECONOMICS | 2006年 / 20卷 / 02期

关键词：

Crowding-in; crowding-out; economic growth; fiscal adjustment; highly indebted countries; public investment;

D O I：

10.1080/02692170600581086

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Understanding how public investment affects economic performance in highly indebted low-income countries is crucial in order to implement effective fiscal policies for adjustment with growth. In this paper we provide an empirical analysis to investigate the relationship between public investment, private investment and output. A dynamic econometric procedure is implemented on a selected group of Highly Indebted Poor Countries (HIPCs). Our results provide empirical support for the crowding-in hypothesis and a positive relation between public investment and output.

引用

页码：151 / 170

页数：20

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