Do FDI and Public Investment Crowd in or Crowd out Private Domestic Investment in India

Rath, Badri Narayan and Bal, Debi Prasad (2014) Do FDI and Public Investment Crowd in or Crowd out Private Domestic Investment in India. The Journal of Developing Areas, 48 (3). pp. 269-284. ISSN 1548-2278

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Abstract

This paper examines the dynamic relationship between Private Domestic Investment (PDI), Foreign Direct Investment (FDI) and Public Investment (PU) in India for the period 1978-79 to 2009-10. Zivot and Andrews test has been used to know the structural break points in the data series. The empirical results derived from structural VAR model indicate that FDI has crowding in effects on PDI, whereas, PU neither ‘crowd out’ nor ‘crowd in’ PDI. Further, we found the evidence that shocks in PU and PDI have positively improved the FDI inflows in India.

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IITH Creators:	IITH Creators ORCiD Rath, Badri Narayan http://orcid.org/0000-0001-7211-0952
Item Type:	Article
Uncontrolled Keywords:	Investment; Crowding Out; Crowding in, Structural VAR; Zivot and Andrews Unit Root, India
Subjects:	Social sciences > Political Science & Economics
Divisions:	Department of Liberal Arts
Depositing User:	Team Library
Date Deposited:	03 Jan 2019 04:37
Last Modified:	03 Jan 2019 04:37
URI:	http://raiithold.iith.ac.in/id/eprint/4645
Publisher URL:	http://doi.org/10.1353/jda.2014.0048
Related URLs:	Google Scholar

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