ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

Crowding-Out or Crowding-In? Public and Private Investment in India

| £3.75 | €4.22 | Ca$6.08 | Au$6.00
by Mehdi Mr. Raissi & Volodymyr Tulin
What is this?DRM-EPUB by download  |  $4.50
What is this?DRM-PDF by download  |  $4.50
add to wish list
Crowding-Out or Crowding-In? Public and Private Investment in India by Mehdi Mr. Raissi & Volodymyr Tulin

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the Indian economy has undergone 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 public and private investment in India over the period 1996Q2-2015Q1 using investment-project data from the CapEx-CMIE database. Third, embedding a theory-driven long-run relationship on the model, we estimate a range of Structural Vector Error Correction Models (SVECMs) to re-examine the public and private investment relationship in India. Identification is achieved by decomposing shocks into those with transitory and permanent effects. Our results suggest that while public-capital accumulation crowds out private investment in India over 1950-2012, the opposite is true when we restrict the sample post 1980 or conduct a quarterly analysis since 1996Q2. This change can most likely be attributed to the policy reforms which started during early 1980s and gained momentum after the 1991 crises.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 816793

Ebook Details
Pages: 24
Size: 2.3 MB
Date published:   2015
ISBN: 9781513549064 (DRM-EPUB)
9781513549965 (DRM-PDF)

DRM Settings
Copying:not allowed
Printing:not allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Investments & Securities
Nonfiction > Business & Economics > International > Economics

These authors have products in the following categories:

Nonfiction > Business & Economics > International
Nonfiction > Business & Economics > Economic Conditions
Nonfiction > Business & Economics > Inflation
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > Environmental Economics
Nonfiction > Business & Economics > Investments & Securities

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2016