Home >> Working Paper
The effects of public investment on private investment
Read        DownLoad
TitleThe effects of public investment on private investment  
AuthorZhang Yong;Gu Mingming;Wang Xi  
OrganizationXiamen University; Tsinghua University,, 
Key Wordspublic investment;private investment;capital cost;desired investment  
AbstractPublic investment in emerging market countries is considered to expand domestic demand. Furthermore, it is an important measure to promote private investment and economic growth. However, these researches will be invalid when applied to Chinese situation because of Chinese special investment conditions such as relatively fixed interest rate, investment outside of the budget and the investment sponsored by the state-owned enterprises. Based on these corrections and improvement on the traditional method, the outcome shows that the effect of public investment on private investment is significantly negative. As a result, we must revise our public investment policies.  
Serial Numberwp11 
  • Institute of Economics, Chinese Academy of Social Sciences
  • Copyright Economic Research Journal
  • The uploaded articles by this website express the authors’ views, not necessarily the views of this website.
  • Perennial Legal Counsel: Lu Kang (Chong Guang Law Office)
  • ISSN 0577-9154 CN 11-1081/F Postal Distribution Code 2-25l (Domestic) M16 (Overseas)
  • ICP 10211437 (Beijng)
  • No.2,Yuetan Bei Xiaojie, Xicheng District, Beijing 100836, P. R. China
  • Phone/Fax: (+8610) 68034153