This study examines the impact of public investment on private investment in South Africa using the autoregressive distributed-lag (ARDL) and nonlinear ARDL bounds testing approach for the period from 1980 to 2018. The ARDL results show that public investment crowds in private investment in the...

In recent years, economic research has increasingly focused on the increase in local government debt, attracting the attention of government regulators. Using data from 2006 to 2022, this study empirically examines how local government debt affects financing activities. The results reveal local...

This study examines interdependencies between investments of equity crowdfunders. Based on hand-collected data from a well-established equitycrowdfunding platform, we find strong indication that investors observe previous investments to determine their willingness to pay for equity shares....

This study uses Comtrade trade data covering 1990-2017, 14 textile subsectors, and 53 African countries with their main trade partners to evaluate Chinese trade impacts on African textile exports over three subperiods at the sector level. It finds that, although textile imports from China had a...

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....

Unter dem Eindruck der Erfahrungen des letzten Jahrzehnts und vorher schon aufgrund theoretischer Überlegungen sind mehr und mehr Zweifel aufgekommen, ob eine finanzwirtschaftliche Nachfragesteuerung ein taugliches Mittel gegen Unterbeschäftigung ist. Ziel der vorliegenden Arbeit ist es, die...

It is often argued that engaging in indoor residual spraying in areas with high coverage of mosquito bed nets may discourage net ownership and use. This is just a case of a public program having perverse incentives. This paper analyzes new data from a randomized control trial conducted in...

Purpose Our study aims to evaluate the impact of infrastructure and public investment on private investment in machinery and equipment in Brazil from 1947 to 2017. The contribution of our article to the existing literature lies in providing a more comprehensive understanding of the presence or...

The last two decades' economic growth of North Macedonia can be qualified as sluggish and volatile. During this period, the government has been proclaiming a narrative of fiscal and economic policies focused on public investment driven development and growth, yet the capital budget bias, has...

Health shocks are common and have serious consequences for households in developing countries where health insurance is lacking. In this study, we examine whether out-of-pocket health expenditures crowd out household consumption of non-healthcare necessities, such as education items in Benin...