A MEASUREMENT OF CROWDING-IN AND CROWDING-OUT EFFECTS BY REGIONAL PUBLIC INVESTMENT
نویسندگان
چکیده
منابع مشابه
Crowding out Public Service Motivation∗
Employing workers with Public Service Motivation (PSM) has been proposed as a means of improving performance in the public sector. There is, however, no conclusive evidence showing PSM among individuals. In this paper we attempt to firstly find evidence of PSM by investigating why people change jobs from the private to the public sector. Secondly we attempt to identify factors that crowd out PS...
متن کاملCrowding out (in) effect of FDI on domestic investment in the Middle East and North Africa countries
Theoretically and empirically, FDI may have positive (complementary) or negative (substitution) effect on the host country’s domestic investment. This study aims to examine the existence of crowding out (in) effect of FDI for MENA countries with high- and low- level income. Using the GMM, several regressions were estimated over the periods of 1981-2017 and 2001-2017. The immediate positive effe...
متن کاملCrowding Out or Crowding In? UI and Private Insurance
This paper explores the welfare consequences of unemployment insurance when private insurance markets are subject to enforcement frictions that limit debt accumulation, endogenously determining individual borrowing limits as a function of the length of unemployment. Reducing the replacement rate in the model initially increases borrowing, as the value of default declines significantly. As the r...
متن کاملCrowding-Out and Crowding-In Effects of the Components of Government Expenditure
We examine the effects of disaggregated government expenditure on investment using fixedand random-effect methods. Using the government budget constraint, we explore the effects of taxand debt-financed expenditure for the full sample, and for sub-samples of developed and developing countries. In general, tax-financed government expenditure crowds out more investment than debtfinanced expenditur...
متن کاملFinancial Crowding Out
Using a novel dataset of accounting and market information that spans most publicly traded firms over the last century, we show that government deficit financing crowds out nonfinancial corporate debt financing and investment. Specifically, an increase in the supply of treasury debt is associated with a significant reduction in corporate leverage, debt issuances, and investment, but no signific...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management)
سال: 2020
ISSN: 2185-6540
DOI: 10.2208/jscejipm.75.6_i_29