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Fiscal Policy and Private Investment in Less Developed Countries

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Author Info
Hermes, Niels
Lensink, Robert

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/dp2001/dp2001-32.pdf
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Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Papers with number UNU-WIDER Research Paper DP2001/32.

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Length: 32 pages
Date of creation: 2001
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Handle: RePEc:unu:wpaper:dp2001-32

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Keywords: Private investment; Public investment; Fiscal policy; LDCs;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Perotti, Roberto, 1996. "Fiscal Consolidation in Europe: Composition Matters," American Economic Review, American Economic Association, vol. 86(2), pages 105-10, May. [Downloadable!] (restricted)
  2. Kneller, Richard & Bleaney, Michael F. & Gemmell, Norman, 1999. "Fiscal policy and growth: evidence from OECD countries," Journal of Public Economics, Elsevier, vol. 74(2), pages 171-190, November. [Downloadable!] (restricted)
  3. Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Alberto Alesina & Roberto Perotti & José Tavares, 1998. "The Political Economy of Fiscal Adjustments," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1998-1), pages 197-266. [Downloadable!]
  5. Stpehen M. Miller & Frank S. Russek, 1993. "Fiscal Structures and Economic Growth: International Evidence," Macroeconomics 9309001, EconWPA, revised 23 Sep 1993. [Downloadable!]
    Other versions:
  6. Ghali, Khalifa H, 1998. "Public Investment and Private Capital Formation in a Vector Error-Correction Model of Growth," Applied Economics, Taylor and Francis Journals, vol. 30(6), pages 837-44, June. [Downloadable!] (restricted)
  7. M. O. Odedokun, 1997. "Relative effects of public versus private investment spending on economic efficiency and growth in developing countries," Applied Economics, Taylor and Francis Journals, vol. 29(10), pages 1325-1336, October. [Downloadable!] (restricted)
  8. Sutherland, Alan, 1997. "Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?," Journal of Public Economics, Elsevier, vol. 65(2), pages 147-162, August. [Downloadable!] (restricted)
    Other versions:
  9. Devarajan, Shantayanan & Swaroop, Vinaya & Heng-fu, Zou, 1996. "The composition of public expenditure and economic growth," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 313-344, April. [Downloadable!] (restricted)
  10. Pereira, Alfredo M & Sagales, Oriol Roca, 1999. "Public Capital Formation and Regional Development in Spain," Review of Development Economics, Blackwell Publishing, vol. 3(3), pages 281-94, October. [Downloadable!] (restricted)
  11. Erenburg, S J, 1993. "The Real Effects of Public Investment on Private Investment," Applied Economics, Taylor and Francis Journals, vol. 25(6), pages 831-37, June.
  12. Francesco Giavazzi & Marco Pagano, 1996. "Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience," NBER Working Papers 5332, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  13. Atish R. Ghosh & Holger Wolf, 1998. "Thresholds and Context Dependence in Growth," NBER Working Papers 6480, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  14. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September. [Downloadable!] (restricted)
    Other versions:
  15. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October. [Downloadable!] (restricted)
    Other versions:
  16. Toye, John, 2000. "Fiscal Crisis and Fiscal Reform in Developing Countries," Cambridge Journal of Economics, Oxford University Press, vol. 24(1), pages 21-44, January.
  17. Adam, Christopher S. & Bevan, David L., 2001. "Fiscal Policy Design in Low-Income Countries," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  18. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September. [Downloadable!] (restricted)
  19. Nader Nazmi & Miguel D. Ramirez, 1997. "Public And Private Investment And Economic Growth In Mexico," Contemporary Economic Policy, Western Economic Association International, vol. 15(1), pages 65-75, 01. [Downloadable!] (restricted)
  20. Sturm, Jan-egbert & Jacobs, Jan & Groote, Peter, 1999. "Output Effects of Infrastructure Investment in the Netherlands, 1853-1913," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 355-380, April. [Downloadable!] (restricted)
  21. Odedokun, M O, 1997. "Relative Effects of Public Versus Private Investment Spending on Economic Efficiency and Growth in Developing Countries," Applied Economics, Taylor and Francis Journals, vol. 29(10), pages 1325-36, October. [Downloadable!] (restricted)
  22. Monadjemi, Mehdi S, 1993. "Fiscal Policy and Private Investment Expenditure: A Study of Australia and the United States," Applied Economics, Taylor and Francis Journals, vol. 25(2), pages 143-48, February.
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Miguel Ramirez, 2007. "A Panel Unit Root and Panel Cointegration Test of the Complementarity Hypothesis in the Mexican Case: 1960–2001," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(3), pages 343-356, September. [Downloadable!] (restricted)
    Other versions:
  2. Jha, Raghbendra, 2001. "Macroeconomics of Fiscal Policy in Developing Countries," Departmental Working Papers 2001-05, Australian National University, Economics RSPAS. [Downloadable!]
    Other versions:
  3. Kalle Kukk, 2007. "Fiscal Policy Effects on Economic Growth: Short Run vs Long Run," Working Papers 167, School of Economics and Business Administration, Tallinn University of Technology. [Downloadable!]
  4. McGillivray, Mark & Feeny, Simon & Hermes, Niels & Lensink, Robert, 2005. "It Works; It Doesn't; It Can, But That Depends?: 50 Years of Controversy over the Macroeconomic Impact of Development Aid," Working Papers RP2005/54, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
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