Private Investment and Government Protection
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Private Investment and Government Protection
Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government – in its traditional role as public goods provider – must decide what level of protection to provide to an area. It does so by purchasing protective capital, such as levees for a low-lying city. (“Protection” also consists of not impos...
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Pritha Mitra In India, the relationship between government investment and private investment is a controversial issue. Economic theory suggests that government investment, financed by borrowing, reduces the loanable funds available for private investment, driving up interest rates, and reducing the level of private investment. If, as Keynesians argue, the positive impact of increased government...
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Our paper applies new institutional economics theory to a unique data set of the world‘s low-income economies to examine the association between host governments‘ social policies and their ability to attract foreign direct investment. We add to this another new data set to explore the direct and indirect role of nongovernmental organizations (NGOs) in the business-society-government interface. ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.902375