The impact of public investment on private investment in Mexico, 1980-2007
Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2009 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | español |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/125 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/125 |
| Access Level: | acceso abierto |
| Palabra clave: | public investment private investment crowding in effect crowding out effect C32 E22 inversión pública inversión privada efecto complementario efecto desplazamiento |
| Sumario: | Even though there is a growing consensus in the existing literature on the positive effect that public investment generates for economic growth, its impact on private investment is by no means a settled issue. This study seeks to determine empirically the relation between these two variables for the Mexican economy during the 1980-2007 period. The results of dynamic estimations yield a partial crowding out of public investment in the short run, while, in the long run, it exerts a weak and marginal complementarity effect on private investment. |
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