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. © 2006 Taylor & Francis.

Public investment and economic performance in highly indebted poor countries. An empirical assessment / Belloc, Marianna; Vertova, Pietro. - In: INTERNATIONAL REVIEW OF APPLIED ECONOMICS. - ISSN 0269-2171. - STAMPA. - 20:2(2006), pp. 151-170. [10.1080/02692170600581086]

Public investment and economic performance in highly indebted poor countries. An empirical assessment

Belloc, Marianna;
2006

Abstract

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. © 2006 Taylor & Francis.
2006
crowding-in; crowding-out; economic growth; fiscal adjustment; highly indebted countries; public investment
01 Pubblicazione su rivista::01a Articolo in rivista
Public investment and economic performance in highly indebted poor countries. An empirical assessment / Belloc, Marianna; Vertova, Pietro. - In: INTERNATIONAL REVIEW OF APPLIED ECONOMICS. - ISSN 0269-2171. - STAMPA. - 20:2(2006), pp. 151-170. [10.1080/02692170600581086]
File allegati a questo prodotto
File Dimensione Formato  
Belloc_Public_2006.pdf

solo utenti autorizzati

Tipologia: Documento in Post-print (versione successiva alla peer review e accettata per la pubblicazione)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 116.79 kB
Formato Adobe PDF
116.79 kB Adobe PDF   Contatta l'autore

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/130943
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 12
  • ???jsp.display-item.citation.isi??? ND
social impact