Series: IMF Working Papers
Author(s): Girish Bahal , Mehdi Raissi , and Volodymyr Tulin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 December 2015
Keywords: Public investment, Private investment, Crowding in, Crowding out, Permanent shocks, Structural identification, Vector error correction models, investment, capital, investment activity
This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the In...