Public Investment And Private Sector Growth PDF Download
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Author | : David Alan Aschauer |
Publisher | : |
Total Pages | : 44 |
Release | : 1990 |
Genre | : Business & Economics |
ISBN | : |
Download Public Investment and Private Sector Growth Book in PDF, ePub and Kindle
This report demonstrates the importance of public investment in physical infrastructure (roads, bridges, mass transit, electric power, sewers, etc.) to the stimulation of private sector productivity, profitability, and investment. Specifically, the report argues that the slow-down in spending for infrastructure over the past 25 years has been a major cause of the U.S. economy's poor performance since 1970.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 1989-07-26 |
Genre | : Business & Economics |
ISBN | : 1451965249 |
Download Private Investment and Economic Growth in Developing Countries Book in PDF, ePub and Kindle
Despite the growing support for market-oriented strategies, and for a greater role of private investment, empirical growth models for developing countries typically make no distinction between the private and public components of investment. This paper sheds some light on this important issue by formulating a simple growth model that separates the effects of public sector and private sector investment. This model is estimated for a cross - section sample of 24 developing countries, and the results support the notion that private investment has a larger direct effect on growth than does public investment.
Author | : Stephen A. Marglin |
Publisher | : |
Total Pages | : 104 |
Release | : 1967 |
Genre | : Capital investments |
ISBN | : |
Download Public Investment Criteria Book in PDF, ePub and Kindle
Essay on public investment criteria and the role of cost benefit analysis in the implementation of economic planning for economic development in India - criteria include consumption benefits, costs, time factor, interest, budgetary constraints, risk and dynamics. References pp. 100 and 101.
Author | : Kai Kaiser |
Publisher | : World Bank Publications |
Total Pages | : 203 |
Release | : 2014-10-17 |
Genre | : Business & Economics |
ISBN | : 1464803161 |
Download The Power of Public Investment Management Book in PDF, ePub and Kindle
Public resources--if invested well in public infrastructure and services--can catalyze private and community e orts and unleash an inclusive growth and development process. But too often public projects are selectedto support political patronage, poorly designed, underfunded, long delayed, very costly, or badly implemented, with little bene t to the population. This is a critical challenge for many countries, both rich and poor. This book identi es eight key institutional features that countries need to adopt to ensure that public investments support growth and development. The Power of Public Investment Management provides a clear, nontechnical discussion on approaches to improving project appraisal, disciplining political intervention in project selection, dealing with uncertainty (an issue that is likely to grow in importance with the e ects of climate change), integrating procurement skills into project design and implementation, and managing the decision on public-private partnerships. Byproviding a simple but comprehensive framework and global experience, the book provides policy makers the guidance to adopt good functional principles in the design of institutions to strengthen public investment management.
Author | : Aissatou Diallo |
Publisher | : International Monetary Fund |
Total Pages | : 28 |
Release | : 2021-12-03 |
Genre | : Business & Economics |
ISBN | : 1589068548 |
Download Successful Transitions from Public to Private-Sector Led Growth: Lessons for Benin Book in PDF, ePub and Kindle
Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this context, maintaining or even raising the region’s economic growth will require an offset by the private sector. The analysis draws lessons from countries that have successfully transitioned from public investment to private investment-led growth using a global sample starting in the mid-1980s. These lessons highlight policies that have been crucial in fostering a rebound of private investment in the wake of a contraction of public investment. The analytical framework proposed by Hausman, Rodrik and Velasco (2005) is used to identify and classify such policies. Finally, the paper analyses how the identified policies could help Benin achieving a smooth transition from public to private sector-led growth.
Author | : Mr.Andrew M. Warner |
Publisher | : International Monetary Fund |
Total Pages | : 76 |
Release | : 2014-08-11 |
Genre | : Business & Economics |
ISBN | : 1498378277 |
Download Public Investment as an Engine of Growth Book in PDF, ePub and Kindle
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On average the evidence shows only a weak positive association between investment spending and growth and only in the same year, as lagged impacts are not significant. Furthermore, there is little evidence of long term positive impacts. Some individual countries may be exceptions to this general result, as for example Ethiopia in recent years, as high public investment has coincided with high GDP growth, but it is probably too early to draw definitive conclusions. The fact that the positive association is largely instantaneous argues for the importance of either reverse causality, as capital spending tends to be cut in slumps and increased in booms, or Keynesian demand effects, as spending boosts output in the short run. It argues against the importance of long term productivity effects, as these are triggered by the completed investments (which take several years) and not by the mere spending on the investments. In fact a slump in growth rather than a boom has followed many public capital drives of the past. Case studies indicate that public investment drives tend eventually to be financed by borrowing and have been plagued by poor analytics at the time investment projects were chosen, incentive problems and interest-group-infested investment choices. These observations suggest that the current public investment drives will be more likely to succeed if governments do not behave as in the past, and instead take analytical issues seriously and safeguard their decision process against interests that distort public investment decisions.
Author | : Sharon J. Erenburg |
Publisher | : |
Total Pages | : 0 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download The Relationship Between Public and Private Investment Book in PDF, ePub and Kindle
The relationship between government spending and aggregates such as output, employment, and prices has been the subject of many theoretical and empirical studies. Recently, however, interest has shifted to government spending on the provision of public capital (measured as fixed, nonresidential government capital) and various indicators of economic performance. Hence, government spending is now recognized to extend beyond the traditional view of strictly purchasing goods and services: The provision of public infrastructure has become an integral component. Erenburg finds that empirical estimates from the short-run, first-difference model indicate that each additional one percentage point increase in public infrastructure and government investment spending is associated with an approximate three-fifths of a percentage point increase in private of a percentage point increase in private sector equipment were obtained by using the Stock-Watson method for testing for long-run relationships when variables are integrated of higher order, including different orders. These estimates indicate an increase of approximately two-fifths of a percentage point in private equipment investment per year. Projections reveal that if the rate of growth of public capital stock had continued from 1966 through 1987 at the 1947-1965 average annual growth rate (instead of decreasing), the growth rate of private sector equipment investment would have been between 4 to 6 percentage points above the actual rate of growth. In addition to the impact on economic growth, Aschauer (1989) and Erenburg (1993) find a positive correlation between the public provision of infrastructure and private investment. As private investment activity enhances future growth of real income, these statistical results confirm that public policy has permanent effects on real output. The empirical results confirm that public policy has permanent effects on real output. The empirical results indicate that private sector equipment investment is inversely related to government investment spending and directly related to the existing public capital stock. Also, private equipment investment is much more sensitive to public provision of capital than either structures investment. These findings suggest that public infrastructure has an overall stimulative effect on private investment activity in the United States: In essence, these results verify Aschauer's, while addressing concerns of spurious correlation.
Author | : Faisal Raza |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 80 |
Release | : 2013-01 |
Genre | : |
ISBN | : 9783659324543 |
Download Private and Public Investments and Economic Growth Book in PDF, ePub and Kindle
Capabilities that provide the social economical actions which helps to grow up to economic growth over a long term and protect the local markets are called Private and public investments. This research reported that, there is long-term positive and significant relationship among the private sector and public sector on economic Growth.However, private investment has a greater influence than the public investment. But private investment is dependent on public invetsment, whenever public invetsment will increase then private investment will definitely Increase.
Author | : Khwaja Sarmad |
Publisher | : |
Total Pages | : 50 |
Release | : 1990 |
Genre | : Developing countries |
ISBN | : |
Download Public and Private Investment and Economic Growth Book in PDF, ePub and Kindle
Author | : Pierre-Richard Agénor |
Publisher | : World Bank Publications |
Total Pages | : 59 |
Release | : 2006 |
Genre | : Children |
ISBN | : |
Download Public Infrastructure and Growth Book in PDF, ePub and Kindle
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.