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Governance Environment and the Public Investment Private Investment Relationship |
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| รหัสดีโอไอ | |
| Creator | Van Bon Nguyen |
| Title | Governance Environment and the Public Investment Private Investment Relationship |
| Publisher | Faculty of Economics, Chulalongkorn University |
| Publication Year | 2563 |
| Journal Title | Southeast Asian Journal of Economics |
| Journal Vol. | 8 |
| Journal No. | 1 |
| Page no. | 139-171 |
| Keyword | governance environment, public investment, private investment, GMM estimators |
| URL Website | https://so05.tci-thaijo.org/index.php/saje/About |
| Website title | Southeast Asian Journal of Economics |
| ISSN | 2465-5120 |
| Abstract | The study empirically investigates the role of the governance environment in the public investment private investment relationship for a sample of 72 developing countries with bad governance environment and for a sample of 25 developed countries with good one over the period 2003 2016. The paper first develops an analytical framework to formulate empirical equations, then uses the difference GMM Arellano-Bond estimators for estimation and the FE-IV estimator for robustness check. More interestingly are the empirical findings. First, the public investment private investment relationship strongly varies based on the quality of governance environment. Second, the governance environment strongly promotes private investment. These findings suggest some important policy implications in setting up the sound governance environmentfor the public investment private investment relationship to governments in countries worldwide. |
