The authors examine the impact of public infrastructure on private capital formation in three countries of the Middle East and North Africa-Egypt, Jordan, and Tunisia. They highlight various channels through which public infrastructure may affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private...
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DETALHES
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2005/07/01
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Documento de trabalho sobre pesquisa de políticas
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WPS3661
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1
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1
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2010/07/01
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Disclosed
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Public infrastructure and private investment in the Middle East and North Africa
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private investment
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