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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...
Persistent link: https://www.econbiz.de/10014500758
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...
Persistent link: https://www.econbiz.de/10015327249
This study estimates the impact of public debt on public investment in Central and Eastern European (CEE) economies. We implement Cross-sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) model, which effectively handles cross-sectional dependence and slope heterogeneity, while...
Persistent link: https://www.econbiz.de/10015413415
finds that, although textile imports from China had a significant positive impact during the first period, this effect … and exportation. Over time, however, the net crowding-out effect was increasing. In the last period, imports from China … consequence of the continent's trade with China. …
Persistent link: https://www.econbiz.de/10012427672
studies in China's urban investment bond (UIB) market indicate that an increase in real estate market risks usually narrows … illuminate ways of mitigating risks in the UIB market in China using market instruments but also have important implications for …
Persistent link: https://www.econbiz.de/10015370987
Purpose With China’s economic growth slowing down and the growth rate of fiscal revenue decreasing, the pressure on … between local government debts and China's economic growth in order to give full play to the positive role of local debts in … of local debts under different calibers and examines the impact of different types of local government debts on China …
Persistent link: https://www.econbiz.de/10012236408
Little attention has been paid to supply- and demand-side factors explaining regional variation in youth overeducation. These factors might be drivers of a crowding out effect, where workers at a given level of education are expelled from their "matched" labour market positions by workers with a...
Persistent link: https://www.econbiz.de/10015417667
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...
Persistent link: https://www.econbiz.de/10015142037
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....
Persistent link: https://www.econbiz.de/10012295767
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....
Persistent link: https://www.econbiz.de/10012800437