Chakraborty, Lekha S. (contributor) - 2007
This paper analyzes the real (direct) and financial crowding out in India between 197071 and 200203. Using an … asymmetric vector autoregressive (VAR) model, the paper finds no real crowding out between public and private investment; rather …, complementarity is observed between the two. The dynamics of financial crowding out is captured through the dual transmission …