Crowding out, where excessive government spending/borrowing reduces capital available to the private sector, is emerging in the US. The federal government's deepening deficits are leading to a need ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper contributes to the debate on the relationship between public-capital accumulation and private investment in ...

South Korea is making remarkable strides toward cleaner energy. Government data is showing that nuclear power generation has surged in the country by 8.7% in the first half of 2025, according to ...

Consider a Nash equilibrium in which individuals can privately provide a public good. Standard results are that lump-sum redistributions among contributors are neutral, and that governmental ...