A Test of the validity of Crowding-out (or- in) hypothesis: A new examination of link between public borrowing and private investment in Emerging Europe
This study seeks to test the existence of the crowding-out (or- in) hypothesis in a sample of 17 Emerging Europe countries divided in two panels. The study employs a panel autoregressive distributed lag (ARDL) model based on three estimators, Mean Group Estimator (MG), Pooled Mean Group (PMG) and Dy...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Croatian Operational Research Society
2021-01-01
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Series: | Croatian Operational Research Review |
Subjects: | |
Online Access: | https://hrcak.srce.hr/file/377393 |