A theoretical and empirical model analyzing the interaction between public investment, private capital, and trade in developing economies. The analysis includes a vector error-correction model (VECM) application for Trinidad & Tobago. The model was developed by Jan Simon Hallonsten and is available under an Open Access license.
Use Cases
- Calibrating semi-endogenous growth models based on the described theoretical framework.
- Analyzing the transitional effects of government-investment inefficiency on consumption and exports.
- Estimating the impact of public investment shocks on output and terms of trade using VECM methodology.
- Testing theoretical predictions about the three-way interaction between public and private investment and trade.
Strengths
- The model is grounded in recent empirical literature on public-private investment and trade interactions.
- Includes a specific empirical application using a vector error-correction model for Trinidad & Tobago.
Limitations
- Description metadata is limited; actual data quality requires manual inspection after download.
- Column-level documentation is absent; field semantics must be inferred after download.
- Row count, sample data, and file formats are unknown, which may limit suitability assessment.
Provenance
- Source
- paperswithcode
- Collection Method
- Theoretical model building and empirical analysis using a vector error-correction model.
- Geography
- The empirical analysis focuses on Trinidad & Tobago; the theoretical model is for developing countries.