Politico-Economic Determinants of the Crowding-in Effects of Public Investments in Developing Countries

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Author
Date
2006-01Type
- Working Paper
ETH Bibliography
yes
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Abstract
This study investigates the politico-economic determinants of the crowding-in effects of public investments in a cross-section of 25 developing countries for the 1975-2000 period using multivariate probit analysis. The estimation results show that public fixed capital investments may crowd in private investments, but this still depends on the developments in the economic, political, and legal environment of business in individual countries. As such, our findings capture the essence of the mixed results found in this literature well and shed further light on the conditions under which public investments are more likely (not) to crowd in private investments in developing countries. Show more
Permanent link
https://doi.org/10.3929/ethz-a-005118427Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
ENTWICKLUNGSLÄNDER; Rule of law; Crowding-in effects; DEVELOPING COUNTRIES; Public investment; Property rights; PUBLIC INVESTMENT; Institutions; Environment of private business; STAATLICHE INVESTITIONENOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics