Trends in Private Investment in Developing Countries : Statistics for 1970-1998

This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, th...

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Main Authors:	Bouton, Lawrence, Sumlinski, Mariusz A.
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank and the International Finance Corporation 2013
Subjects:	ADVERSE CONSEQUENCES ALLOCATIVE EFFICIENCY ANNUAL GROWTH AVERAGE ANNUAL GROWTH BASIC EDUCATION CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL-OUTPUT RATIO COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS COMPETITIVE PRESSURES CONSTANT RETURNS CONSTANT RETURNS TO SCALE COUNTRY GROWTH CROSS- COUNTRY GROWTH REGRESSIONS DATA SETS DEBT DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT EFFORTS DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMICS ECONOMICS LITERATURE ECONOMICS PROFESSION ECONOMISTS ELASTICITIES ELECTRICITY GENERATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL RESEARCH EMPIRICAL RESULTS EMPIRICAL WORK ENDOGENOUS GROWTH ESTIMATED COEFFICIENT EXOGENOUS FACTORS EXPENDITURES EXTERNALITIES FACTOR ACCUMULATION FACTORS OF PRODUCTION FINANCIAL ASSISTANCE FOREIGN DIRECT INVESTMENT GDP GNP GOVERNMENT REGULATION GROWTH GROWTH ACCOUNTING GROWTH LITERATURE GROWTH MODELS GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH GROWTH HUMAN CAPITAL INCOME COUNTRIES INCOME LEVELS INDUSTRIALIZED COUNTRIES INDUSTRIALIZED WORLD INTELLECTUAL PROPERTY INVESTMENT INVESTMENT RATE INVESTMENT RATIO LABOR FORCE LABOR REGULATIONS LEVEL OF CAPITAL LEVEL OF OUTPUT LONG RUN LONG-RUN GROWTH MARGINAL COST MARGINAL PRODUCTIVITY MARGINAL RETURN MARKET ECONOMIES MARKET ECONOMY MEMBER COUNTRIES MONOPOLY RENTS NEOCLASSICAL GROWTH MODEL NET INVESTMENT OIL OIL PRICE OUTPUT GROWTH OUTPUT RATIO PATENTS PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS POLICY ENVIRONMENT POPULATION GROWTH PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY OF CAPITAL PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SECTOR RAPID GROWTH REFORM EFFORTS RELATIVE IMPORTANCE RELATIVE PRICES SURPLUS LABOR TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGICAL INNOVATION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRANSITION COUNTRIES UNEMPLOYMENT
Online Access:	http://documents.worldbank.org/curated/en/2000/06/1620970/trends-private-investment-developing-countries-statistics-1970-1998 http://hdl.handle.net/10986/13986

id	okr-10986-13986
recordtype	oai_dc
spelling	okr-10986-139862021-04-23T14:03:10Z Trends in Private Investment in Developing Countries : Statistics for 1970-1998 Bouton, Lawrence Sumlinski, Mariusz A. ADVERSE CONSEQUENCES ALLOCATIVE EFFICIENCY ANNUAL GROWTH AVERAGE ANNUAL GROWTH BASIC EDUCATION CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL-OUTPUT RATIO COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS COMPETITIVE PRESSURES CONSTANT RETURNS CONSTANT RETURNS TO SCALE COUNTRY GROWTH CROSS- COUNTRY GROWTH REGRESSIONS DATA SETS DEBT DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT EFFORTS DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMICS ECONOMICS LITERATURE ECONOMICS PROFESSION ECONOMISTS ELASTICITIES ELECTRICITY GENERATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL RESEARCH EMPIRICAL RESULTS EMPIRICAL WORK ENDOGENOUS GROWTH ESTIMATED COEFFICIENT EXOGENOUS FACTORS EXPENDITURES EXTERNALITIES FACTOR ACCUMULATION FACTORS OF PRODUCTION FINANCIAL ASSISTANCE FOREIGN DIRECT INVESTMENT GDP GNP GOVERNMENT REGULATION GROWTH GROWTH ACCOUNTING GROWTH LITERATURE GROWTH MODELS GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH GROWTH HUMAN CAPITAL INCOME COUNTRIES INCOME LEVELS INDUSTRIALIZED COUNTRIES INDUSTRIALIZED WORLD INTELLECTUAL PROPERTY INVESTMENT INVESTMENT RATE INVESTMENT RATIO LABOR FORCE LABOR REGULATIONS LEVEL OF CAPITAL LEVEL OF OUTPUT LONG RUN LONG-RUN GROWTH MARGINAL COST MARGINAL PRODUCTIVITY MARGINAL RETURN MARKET ECONOMIES MARKET ECONOMY MEMBER COUNTRIES MONOPOLY RENTS NEOCLASSICAL GROWTH MODEL NET INVESTMENT OIL OIL PRICE OUTPUT GROWTH OUTPUT RATIO PATENTS PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS POLICY ENVIRONMENT POPULATION GROWTH PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY OF CAPITAL PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SECTOR RAPID GROWTH REFORM EFFORTS RELATIVE IMPORTANCE RELATIVE PRICES SURPLUS LABOR TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGICAL INNOVATION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRANSITION COUNTRIES UNEMPLOYMENT This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private investment is more efficient, and productive tan public investment. Results from the recent empirical literature, updated here with the recent data on private investment, suggest that private investment has a stronger association with long run economic growth than public investment. The second part shows trends in private, and public fixed investment in fifty developing countries. On average, the ratio of private investment to GDP continued its upward trend, reaching record levels in 1998, the most recent year for which comparable data exist. That year, average private investment reached 14.3 percent of GDP, but public investment, fell to only 7.0 percent of GDP, its lowest level since 1974. 2013-06-17T20:31:22Z 2013-06-17T20:31:22Z 2000-06 http://documents.worldbank.org/curated/en/2000/06/1620970/trends-private-investment-developing-countries-statistics-1970-1998 0-8213-4785-3 http://hdl.handle.net/10986/13986 English en_US IFC Discussion Paper;No. 41 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Washington, DC: World Bank and the International Finance Corporation Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADVERSE CONSEQUENCES ALLOCATIVE EFFICIENCY ANNUAL GROWTH AVERAGE ANNUAL GROWTH BASIC EDUCATION CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL-OUTPUT RATIO COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS COMPETITIVE PRESSURES CONSTANT RETURNS CONSTANT RETURNS TO SCALE COUNTRY GROWTH CROSS- COUNTRY GROWTH REGRESSIONS DATA SETS DEBT DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT EFFORTS DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMICS ECONOMICS LITERATURE ECONOMICS PROFESSION ECONOMISTS ELASTICITIES ELECTRICITY GENERATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL RESEARCH EMPIRICAL RESULTS EMPIRICAL WORK ENDOGENOUS GROWTH ESTIMATED COEFFICIENT EXOGENOUS FACTORS EXPENDITURES EXTERNALITIES FACTOR ACCUMULATION FACTORS OF PRODUCTION FINANCIAL ASSISTANCE FOREIGN DIRECT INVESTMENT GDP GNP GOVERNMENT REGULATION GROWTH GROWTH ACCOUNTING GROWTH LITERATURE GROWTH MODELS GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH GROWTH HUMAN CAPITAL INCOME COUNTRIES INCOME LEVELS INDUSTRIALIZED COUNTRIES INDUSTRIALIZED WORLD INTELLECTUAL PROPERTY INVESTMENT INVESTMENT RATE INVESTMENT RATIO LABOR FORCE LABOR REGULATIONS LEVEL OF CAPITAL LEVEL OF OUTPUT LONG RUN LONG-RUN GROWTH MARGINAL COST MARGINAL PRODUCTIVITY MARGINAL RETURN MARKET ECONOMIES MARKET ECONOMY MEMBER COUNTRIES MONOPOLY RENTS NEOCLASSICAL GROWTH MODEL NET INVESTMENT OIL OIL PRICE OUTPUT GROWTH OUTPUT RATIO PATENTS PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS POLICY ENVIRONMENT POPULATION GROWTH PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY OF CAPITAL PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SECTOR RAPID GROWTH REFORM EFFORTS RELATIVE IMPORTANCE RELATIVE PRICES SURPLUS LABOR TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGICAL INNOVATION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRANSITION COUNTRIES UNEMPLOYMENT
spellingShingle	ADVERSE CONSEQUENCES ALLOCATIVE EFFICIENCY ANNUAL GROWTH AVERAGE ANNUAL GROWTH BASIC EDUCATION CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL-OUTPUT RATIO COMPETITIVE ENVIRONMENT COMPETITIVE MARKETS COMPETITIVE PRESSURES CONSTANT RETURNS CONSTANT RETURNS TO SCALE COUNTRY GROWTH CROSS- COUNTRY GROWTH REGRESSIONS DATA SETS DEBT DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT EFFORTS DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMICS ECONOMICS LITERATURE ECONOMICS PROFESSION ECONOMISTS ELASTICITIES ELECTRICITY GENERATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL RESEARCH EMPIRICAL RESULTS EMPIRICAL WORK ENDOGENOUS GROWTH ESTIMATED COEFFICIENT EXOGENOUS FACTORS EXPENDITURES EXTERNALITIES FACTOR ACCUMULATION FACTORS OF PRODUCTION FINANCIAL ASSISTANCE FOREIGN DIRECT INVESTMENT GDP GNP GOVERNMENT REGULATION GROWTH GROWTH ACCOUNTING GROWTH LITERATURE GROWTH MODELS GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH GROWTH HUMAN CAPITAL INCOME COUNTRIES INCOME LEVELS INDUSTRIALIZED COUNTRIES INDUSTRIALIZED WORLD INTELLECTUAL PROPERTY INVESTMENT INVESTMENT RATE INVESTMENT RATIO LABOR FORCE LABOR REGULATIONS LEVEL OF CAPITAL LEVEL OF OUTPUT LONG RUN LONG-RUN GROWTH MARGINAL COST MARGINAL PRODUCTIVITY MARGINAL RETURN MARKET ECONOMIES MARKET ECONOMY MEMBER COUNTRIES MONOPOLY RENTS NEOCLASSICAL GROWTH MODEL NET INVESTMENT OIL OIL PRICE OUTPUT GROWTH OUTPUT RATIO PATENTS PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS POLICY ENVIRONMENT POPULATION GROWTH PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY OF CAPITAL PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SECTOR RAPID GROWTH REFORM EFFORTS RELATIVE IMPORTANCE RELATIVE PRICES SURPLUS LABOR TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGICAL INNOVATION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRANSITION COUNTRIES UNEMPLOYMENT Bouton, Lawrence Sumlinski, Mariusz A. Trends in Private Investment in Developing Countries : Statistics for 1970-1998
relation	IFC Discussion Paper;No. 41
description	This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private investment is more efficient, and productive tan public investment. Results from the recent empirical literature, updated here with the recent data on private investment, suggest that private investment has a stronger association with long run economic growth than public investment. The second part shows trends in private, and public fixed investment in fifty developing countries. On average, the ratio of private investment to GDP continued its upward trend, reaching record levels in 1998, the most recent year for which comparable data exist. That year, average private investment reached 14.3 percent of GDP, but public investment, fell to only 7.0 percent of GDP, its lowest level since 1974.
format	Publications & Research :: Publication
author	Bouton, Lawrence Sumlinski, Mariusz A.
author_facet	Bouton, Lawrence Sumlinski, Mariusz A.
author_sort	Bouton, Lawrence
title	Trends in Private Investment in Developing Countries : Statistics for 1970-1998
title_short	Trends in Private Investment in Developing Countries : Statistics for 1970-1998
title_full	Trends in Private Investment in Developing Countries : Statistics for 1970-1998
title_fullStr	Trends in Private Investment in Developing Countries : Statistics for 1970-1998
title_full_unstemmed	Trends in Private Investment in Developing Countries : Statistics for 1970-1998
title_sort	trends in private investment in developing countries : statistics for 1970-1998
publisher	Washington, DC: World Bank and the International Finance Corporation
publishDate	2013
url	http://documents.worldbank.org/curated/en/2000/06/1620970/trends-private-investment-developing-countries-statistics-1970-1998 http://hdl.handle.net/10986/13986
_version_	1764424979517014016

Trends in Private Investment in Developing Countries : Statistics for 1970-1998

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