Graduation Year
2025
Date of Submission
4-2025
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Florian Madison
Terms of Use & License Information
Rights Information
© 2025 Wally Bargeron
Abstract
The tendency for public investment to crowd-in or crowd-out private investment is the subject of controversy in economic literature. This paper studies the relationship between public and private investment in fixed capital from 1970 to 2019 in 68 developing countries across Africa, Asia, Eastern Europe and Latin America. I find evidence for a crowding-in relationship between public and private investment overall. The crowding-in effect is larger in countries with high scores for measures of good governance, including a score that measures legal framework for businesses and a score that measures corruption.
Recommended Citation
Bargeron, Wally, "Crowding-In Between Public and Private Investment in Developing Countries" (2025). CMC Senior Theses. 3913.
https://scholarship.claremont.edu/cmc_theses/3913
