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  • 标题:Is private investment being crowded out in India? Some fresh evidence
  • 本地全文:下载
  • 作者:Jagadish Prasad Sahu ; Sitakanta Panda
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2012
  • 卷号:32
  • 期号:2
  • 页码:1125-1132
  • 出版社:Economics Bulletin
  • 摘要:We reexamine the crowding out hypothesis for India for the period 1970-71 to 2009-10. Applying a flexible accelerator model in a VECM framework, we find that government investment crowds out private investment in the long run while GDP has a significantly positive impact on the later. We also find that in the long run causality runs from public investment and GDP to private investment.
  • 关键词:private investment; crowding out; India.
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