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dc.contributor.authorSingh, Tarlok
dc.contributor.editorProfessor Judith Clifton
dc.date.accessioned2017-05-03T14:30:24Z
dc.date.available2017-05-03T14:30:24Z
dc.date.issued2012
dc.date.modified2013-06-25T00:33:30Z
dc.identifier.issn1748-7870
dc.identifier.doi10.1080/17487870.2012.668767
dc.identifier.urihttp://hdl.handle.net/10072/51867
dc.description.abstractThis study examines the long-run effects of public capital on private capital and tests the null of Granger non-causality between public and private capital in India. Both single-equation and system estimates of the model consistently suggest the long-run crowding-in effects of public capital. The error-correction as well as over-parameterized level-VAR models consistently suggest uni-directional Granger-causality from public to private capital. The support for the significant crowding-in effects of public capital has important implications for the formulation of long-term growth and development strategies. It underlines the need to accelerate public infrastructure to induce the distortions-free and market-driven increases in private capital and to attract the inflow of foreign direct investment. The inflows of foreign capital have witnessed perceptible increases since the beginning of the 1990s. The geographical and sectoral distributions of FDI inflows remain asymmetric and skewed in favor of the select regions and the services industries. The services-sector-led growth needs to be accompanied by the commensurate performance of the goods-producing, agricultural and industrial, sectors so as to sustain the escalated trajectory of economic growth.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom109
dc.relation.ispartofpageto133
dc.relation.ispartofedition2012
dc.relation.ispartofissue2
dc.relation.ispartofjournalJournal of Economic Policy Reform
dc.relation.ispartofvolume15
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchPolicy and administration
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode4407
dc.titleDoes public capital crowd-out or crowd-in private capital in India?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2012
gro.hasfulltextNo Full Text
gro.griffith.authorSingh, Tarlok


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