By Lawrence Bouton, Mariusz A. Sumlinski, International Finance Corporation
Whereas theoretical progress versions constructed within the economics literature make no contrast among inner most and public elements of funding, there's an rising appreciation that personal funding is extra effective and efficient than public funding. effects from the new empirical literature, up-to-date the following with the hot information on inner most funding, recommend that non-public funding has a more robust organization with long term monetary development than public funding. The position of non-public funding in fiscal development is tested within the first a part of this dialogue paper. the second one half exhibits tendencies in deepest and public mounted funding in fifty constructing nations.
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Additional info for Trends in private investment in developing countries: statistics for 1970-98
Page 20 Vanhoudt, Patrick, "The Issue of Public vs. ", Tijdschrift voor Economie en Management, Vol. XLII, No. 1. Vanhoudt, Patrick, "A Fallacy in Causality Research on Growth and Capital Accumulation", Economics Letters, Vol. 60, pp. 77-81, 1998 Young, Alwyn, "Tyranny of numbers: confronting the statistical realities of the East Asian growth experience", Quarterly Journal Of Economics, Vol. 110, pp. 641-80, August 1995 Page 21 Chapter 2 Private and Public Investment Trends In 1998, the latest year for which national accounts data exist, private investment in the fifty countries included in the data set, continued to rise on average and public investment to decline.
Mankiw, N. Gregory, "The Growth of Nations", Brookings Papers on Economic Activity, No. 1, pp. 275-326, 1995. , "Neoclassical vs. Endogenous Growth Analysis: An Overview", Federal Reserve Bank of Richmond Economic Quarterly, Vol. 82, No. 4, pp. 41-71, Fall 1996. , "A Defense of AK Growth Models", Federal Reserve Bank of Minneapolis Quarterly Review, Vol. 22, No. 4, pp. 13-27, Fall 1998. McGrattan, Ellen R and James A. , "Explaining Cross-Country Income Differences", Research Department Staff Report No.
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the IFC or the World Bank or to members of their Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. Some sources cited in this paper may be informal documents that are not readily available.
Trends in private investment in developing countries: statistics for 1970-98 by Lawrence Bouton, Mariusz A. Sumlinski, International Finance Corporation