Complementarity between public and private investment in India

Complementarity between public and private investment in India

In this paper, we examine the question of complementarity between public and private investment in India under different modes of allocation and financing of public investment. We use an 18 sector computable general equilibrium modey where money plays a non-neutral role. We find that public investme...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of development economics 1990-07, Vol.33 (1), p.101-116
Hauptverfasser: Pradhan, B.K., Ratha, D.K., Sarma, Atul
Format: Artikel
Sprache:eng
Schlagworte:
Brownfields
Capital investments
Comparative studies
Economic models
Effects
Income distribution
India
Investments
Market equilibrium
Private investment
Private sector
Public investment
Public sector
Statistical analysis
Variables
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:In this paper, we examine the question of complementarity between public and private investment in India under different modes of allocation and financing of public investment. We use an 18 sector computable general equilibrium modey where money plays a non-neutral role. We find that public investment crowds out private investment; but in terms of its effect on total investment and growth and distribution of income, the economy is better off with increased public investment. That raises the question: Is crowding out all that undesirable?
ISSN:0304-3878
1872-6089
DOI:10.1016/0304-3878(90)90008-Y