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Debt-financed public investment in developing countries: Does the efficiency of public investment matter?

Amarachukwu Anthony Anyanwu

Theoretical and Applied Economics2021article
ABDC C
Weight
0.26

What the paper says

Public investment is central to implementing the UN 2030 Agenda for Sustainable Development – but persistent levels of high public debt without sufficient debt-servicing capacity poses serious risks. This study examines whether government spending efficiency is associated with differential effects of public investment on debt-to-GDP ratio for a panel data consisting of 16 developing countries in Asia-Pacific region over the period 2007-2017. The empirical results indicate that public investment efficiency moderates debt-to-GDP ratio whereas public investment in the midst of public sector corruption accentuates debt-to-GDP ratio. The results have important policy implications.

Cite this paper

@article{amarachukwu2021,
  title        = {{Debt-financed public investment in developing countries: Does the efficiency of public investment matter?}},
  author       = {Amarachukwu Anthony Anyanwu},
  journal      = {Theoretical and Applied Economics},
  year         = {2021},
}

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Debt-financed public investment in developing countries: Does the efficiency of public investment matter?

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.