Ten years after the 2008 financial crisis, in the euro area investment is still below the pre-crisis level. Public and … private investment growth is so weak that capital per worker (capital intensity) has virtually remained constant. An increase … in public investment activity could ultimately stimulate private investment. Estimates for the euro area show that an …

This paper explores the long-term relationship between public and private investment in the euro area. A stock … the model for private investment flows. In fact, standard models that include private investment flows, GDP, and the real … investment. Thus, the lack of public investment may have been restricting private investment and GDP growth in the euro area. …

municipalities crowds out private investment. Our results show how crowding out can happen in a developed economy characterized by … market power to charge higher rates on their SME customers. This crowded out firm investment. Perversely, fiscal … which increasingly borrowed from local public banks. Crowding out lowered aggregate private investment by around 30-40 bio …

Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to …

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …

in India over the period 1996–2015 using investment-project data from the CapEx-CMIE database. Third, embedding a theory …This paper contributes to the debate on the relationship between public and private investment in India along the … decades, we study whether public investment in recent years has become more or less complementary to private investment in …

We study the macroeconomic effects of public and private investment in 17 OECD economies through a VAR analysis with … annual data from 1960 to 2014. From impulse response functions we find that public investment had a positive growth effect in … most countries, and a contractionary effect in Finland, UK, Sweden, Japan, and Canada. Public investment led to private …

This study examines the impact of public investment on private investment in South Africa using the autoregressive … public investment crowds in private investment in the long and short run. The NARDL results indicate that the negative shock … in public investment leads to a decrease in private investment in the long and short run. The results show that public …

This study estimates the impact of public debt on public investment in Central and Eastern European (CEE) economies. We … existence of both short- and long-term crowding out effects of public debt on public investment in the CEE region. These …

This paper evaluates the effect of shocks in government investment on private investment and national income, focusing … heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs … evaluate the dynamic change in private investment and income. The study finds evidence of the crowding-out effect of government …