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...
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2020/199 |
| Dostęp online: | Full text available on IMF |