The Fiscal Multiplier of Public Investment : The Role of Corporate Balance Sheet /

This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment depends both on leverage and financial constraints. Public...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Espinoza, Raphael
अन्य लेखक: Gamboa-Arbelaez, Juliana, Sy, Mouhamadou
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2020.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2020/199
ऑनलाइन पहुंच:Full text available on IMF