دور الإنفاق الأستثماري العام في تعزيز التحول الهيكلي للاقتصاد العراقي بعد عام 2003

2021 ◽  
Vol 2021 (71) ◽  
pp. 81-99
Author(s):  
نور شدهان عداي ◽  
◽  
أ. د . فلاح خلف علي
Keyword(s):  
Structural Transformation ◽  
Analytical Method ◽  
Public Investment ◽  
Production Structure ◽  
Weak Relationship ◽  
Investment Spending ◽  
Investment Multiplier

This research aims to diagnose the reality of the contribution of public investment spending to the structural transformation in the Iraqi economy by using the descriptive analytical method. The weak relationship between public investment spending and structural transformation has been found as a result of weak investment allocations directed to the productive sectors that can contribute to correcting the imbalance in the production structure. On the basis of this, the research stressed the need to increase public investment spending in order to stimulate the work of the investment multiplier and accelerator, which would contribute to correcting the production structure and achieving structural transformation in the Iraqi economy

scholarly journals A FMOLS Analysis of FDI Flows to Latin America

2019 ◽  
Vol 6 (2) ◽  
pp. 86
Author(s):  
Miguel D. Ramirez
Keyword(s):  
Latin America ◽  
Latin American ◽  
Banking Sector ◽  
Public Investment ◽  
Panel Cointegration ◽  
Ordinary Least Squares ◽  
Real Gdp ◽  
Institutional Determinants ◽  
Cointegration Tests ◽  
Investment Spending

This paper estimates a panel FDI investment function that seeks to identify some of the major economic and institutional determinants of net FDI flows to nine major Latin American countries during the 1980-2014 period. First, it utilizes Dunning’s OLI model to identify some of the major economic and institutional determinants of FDI. Second, the paper provides an overview of FDI flows to Latin America during the 1990-2017 period, with particular emphasis on their contribution to the financing of gross fixed capital formation. Third, an economic rationale is provided for the included variables and their expected signs. Fourth, the paper reports estimates for a Fully Modified Ordinary least Squares (FMOLS) panel regression designed to explain the variation in FDI flows to Latin America during the 1980-2014 period. The estimates suggest that real GDP (a proxy for market size), credit provided by the private banking sector, government expenditures on education, and the level of economic freedom as measured by the Fraser Institute have a positive and significant effect. On the other hand, public investment spending, the volatility of real GDP and the real exchange rate have a negative and significant effect on FDI flows. The panel unit root and (Pedroni) panel cointegration tests suggest that there is a stable, long-term relationship among the included variables; i.e., the selected variables in the reported regressions are cointegrated over the relevant time period.

scholarly journals Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration

2019 ◽  
Author(s):  
Alejandro Izquierdo ◽  
Ruy Lama ◽  
Juan Medina ◽  
Jorge Puig ◽  
Daniel Riera-Crichton ◽  
...  
Keyword(s):  
Developing Countries ◽  
Public Investment ◽  
The Public ◽  
Investment Multiplier

scholarly journals Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation

2019 ◽  
Author(s):  
Alejandro Izquierdo ◽  
Ruy Lama ◽  
Juan Pablo Medina ◽  
Jorge Puig ◽  
Daniel Riera-Crichton ◽  
...  
Keyword(s):  
Developing Countries ◽  
Empirical Investigation ◽  
Public Investment ◽  
The Public ◽  
Investment Multiplier

Federal Public Investment Spending and Economic Development in Appalachiai

2005 ◽  
Vol 70 (4) ◽  
pp. 514-539 ◽  
Author(s):  
F. Carson Mencken ◽  
Charles M. Tolbert
Keyword(s):  
Economic Development ◽  
Public Investment ◽  
Investment Spending

scholarly journals Scenario assessment of fiscal pro-investment expansion in Ukraine

2020 ◽  
Vol 2020 (9) ◽  
pp. 80-94
Author(s):  
Serhij SHVETS ◽  
Keyword(s):  
Capital Investment ◽  
Public Investment ◽  
Additional Increase ◽  
Fiscal Multiplier ◽  
The Public ◽  
Debt Burden ◽  
Scenario Assessment ◽  
Reported Data ◽  
Investment Multiplier ◽  
Significant Factors

The article identifies the role and place of public investment as one of the significant factors of growth. As a high value of fiscal multiplier, public investment is an effective countercyclical measure to restore economic growth. The goal of the study was to estimate the aftereffect of fiscal pro-investment expansion in Ukraine without increasing the debt burden. The monetary sector should support the increased public investment financed through the domestic government borrowing by expanding the money supply at a rate exceeding the debt growth to minimize the crowding-out effect and support the real sector’s demand for credits. According to the scenario results, the limit of increased public investment in Ukraine compared to the reported data without increased debt burden during the relatively stable 2016?2019 could be 11-19%. The short-term effect of implementing such fiscal pro-investment expansion provided an additional increase in GDP by 1.3-1.8%. Every UAH borrowed by the state and directed to capital investment could add more than 4 UAH of product annually in 2017?2019, which corresponded with the public investment multiplier equal to 1.1. These growth targets may be more significant during COVID-19 crisis, as the fiscal multiplier is usually higher in recessions. Since the indicated growth rates depend on the selected strategic priorities for capital investment in facilities with the highest return, the obtained results assume the development of additional volumes of public investment in the most efficient way providing the expanding of aggregate supply in the longer term.

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