Template-type: ReDIF-Paper 1.0
Author-Name: Osamu Nakamura
Author-Name-First: Osamu
Author-Name-Last: Nakamura
Author-Email: osamu@iuj.ac.jp
Author-Workplace-Name: International University of University
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Title: The Role of Public Sector Investment for Economic Development in Emerging Countries: The Case of Lao PDR
Abstract: Recently, the Lao PDR has achieved high economic growth at around 7-8 percent annually which is very stable and robust growth in Asian economic dynamics, in particular in ASEAN. Vital public investments play an important role to develop social infrastructures and then strengthen the supply-side economy. This paper analyzes the macroeconomic structure and causes of high economic growth of Lao PDR by utilizing a macroeconometric model. According to the econometric analysis, vital public sector investment behaviors have caused to strengthen the supply-side economy and exports, which resulted in foreign capital and public investment increases through its virtuous circle.
Classification-JEL: E17, E51, C01
Length: 31 pages

Creation-Date: 2014-09
Number: EMS_2014_12
File-URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2014_12.pdf
File-Format: Application/pdf
File-Function: First version, 2014
File-Size: 353KB
Keywords: public sector investment, take-off stage, macroeconometric model, scenario simulation, co-integrating relationships
Handle: RePEc:iuj:wpaper:EMS_2014_12