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...

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Bibliographic Details
Main Authors: Mehmed Ganic, Lejla Hodzic, Ognjen Ridic
Format: Article
Language:English
Published: Croatian Operational Research Society 2021-01-01
Series:Croatian Operational Research Review
Subjects:
Online Access:https://hrcak.srce.hr/file/377393