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Examining the impact of public investment and private investment on economic growth: empirical evidence from BRICS nations

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dc.contributor.author Rao, N.V.M.
dc.date.accessioned 2023-01-28T06:34:09Z
dc.date.available 2023-01-28T06:34:09Z
dc.date.issued 2017
dc.identifier.uri https://www.inderscience.com/info/inarticle.php?artid=86706
dc.identifier.uri http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8814
dc.description.abstract : This paper examines the factors impacting economic growth and the interlinkages of public investment, foreign direct investment (FDI), and private domestic investment using a panel data sample of Brazil, Russia, India, China and South Africa (BRICS) group of nations covering the time period of 1990 to 2014. We have made use of economic growth models suggested by Vu Le and Suruga (2005) in order to estimate economic growth and the individual impact of public investment on FDI and private domestic investment, respectively. The empirical results indicate that the private domestic investment along with FDI play a significant role in contributing towards economic growth. Further, analysing the impact of public investment on FDI and private domestic investment suggests that an increase in public investment in BRICS nations reduces the positive impact of FDI and private domestic investment on economic growth (crowding-out effect) when exceeding certain extent levels. Hence, we can conclude that from an overall prospective, public investment in BRICS nations has a substitutable effect on FDI and private domestic investment. en_US
dc.language.iso en en_US
dc.publisher Inder Science en_US
dc.subject Economics and Finance en_US
dc.subject Public investment en_US
dc.subject Private domestic investment en_US
dc.subject Foreign Direct investment en_US
dc.subject Economic Growth en_US
dc.subject BRICS nations en_US
dc.title Examining the impact of public investment and private investment on economic growth: empirical evidence from BRICS nations en_US
dc.type Article en_US


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