世界银行-公共投资对私人投资的“挤入”效应再探（英）-2024.8-40页

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2024-09-26
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PolicyResearchWorkingPaper10881“CrowdingIn”EffectofPublicInvestmentonPrivateInvestmentRevisitedJohnNanaFrancoisMatyKonteFranzURuchMacroeconomics,TradeandInvestmentGlobalPracticeAugust2024PublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorizedProducedbytheResearchSupportTeamAbstractThePolicyResearchWorkingPaperSeriesdisseminatesthefindingsofworkinprogresstoencouragetheexchangeofideasaboutdevelopmentissues.Anobjectiveoftheseriesistogetthefindingsoutquickly,evenifthepresentationsarelessthanfullypolished.Thepaperscarrythenamesoftheauthorsandshouldbecitedaccordingly.Thefindings,interpretations,andconclusionsexpressedinthispaperareentirelythoseoftheauthors.TheydonotnecessarilyrepresenttheviewsoftheInternationalBankforReconstructionandDevelopment/WorldBankanditsaffiliatedorganizations,orthoseoftheExecutiveDirectorsoftheWorldBankorthegovernmentstheyrepresent.PolicyResearchWorkingPaper10881Currentinvestmenttrendsinemergingmarketanddevel-opingeconomiesarenotenoughtomeettheneedsoftheirgrowingpopulationsandwillfallshortofachievingtheSustainableDevelopmentGoalsrelatedtohumanandphysicalcapitaldevelopment.Publicinvestmentcanplayacriticalroleinaddressingthisshortfall,especiallyifitcancrowd-inprivateinvestment.Usingtheoryandpaneldatafor109developingcountriesfrom1980–2019,thi...

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