Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States

Amir KIA (Utah Valley University, Finance and Economics Department, Utah, United States of America)
World Journal of Applied Economics
0 0
Yıl: 2020 Cilt: 6 Sayı: 2 Sayfa Aralığı: 139 - 161 Metin Dili: İngilizce DOI: 10.22440/wjae.6.2.3 İndeks Tarihi: 25-06-2022

Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States

Öz:
This paper analyses the direct impact of scal variables on private investment. The current literature ignores one or more scal variables and, in many cases, the foreign nancing of debt. In this paper, an aggregate investment function for an economy in which rms incur adjustment costs in their investment process is developed. The developed model incorporates the direct impact of government expenditure, public debt and investment, decits and foreign-nanced debt on private investment. The model is tested on US data. It is found that public investment does not have any impact on private investment, but government expenditure, decit, debt and foreign-nanced debt crowd out private investment over the long run. However, decit crowds in the private investment over the short run.
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APA KIA A (2020). Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. , 139 - 161. 10.22440/wjae.6.2.3
Chicago KIA Amir Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. (2020): 139 - 161. 10.22440/wjae.6.2.3
MLA KIA Amir Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. , 2020, ss.139 - 161. 10.22440/wjae.6.2.3
AMA KIA A Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. . 2020; 139 - 161. 10.22440/wjae.6.2.3
Vancouver KIA A Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. . 2020; 139 - 161. 10.22440/wjae.6.2.3
IEEE KIA A "Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States." , ss.139 - 161, 2020. 10.22440/wjae.6.2.3
ISNAD KIA, Amir. "Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States". (2020), 139-161. https://doi.org/10.22440/wjae.6.2.3
APA KIA A (2020). Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. World Journal of Applied Economics, 6(2), 139 - 161. 10.22440/wjae.6.2.3
Chicago KIA Amir Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. World Journal of Applied Economics 6, no.2 (2020): 139 - 161. 10.22440/wjae.6.2.3
MLA KIA Amir Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. World Journal of Applied Economics, vol.6, no.2, 2020, ss.139 - 161. 10.22440/wjae.6.2.3
AMA KIA A Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. World Journal of Applied Economics. 2020; 6(2): 139 - 161. 10.22440/wjae.6.2.3
Vancouver KIA A Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States. World Journal of Applied Economics. 2020; 6(2): 139 - 161. 10.22440/wjae.6.2.3
IEEE KIA A "Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States." World Journal of Applied Economics, 6, ss.139 - 161, 2020. 10.22440/wjae.6.2.3
ISNAD KIA, Amir. "Impact of Public Debt, Decit and Debt Financing on Private Investment in a Large Country: Evidence from the United States". World Journal of Applied Economics 6/2 (2020), 139-161. https://doi.org/10.22440/wjae.6.2.3
Sayfa Oluşturulma Tarihi
23-04-2024 23:33

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