| 单词 | crowding out |
| 释义 | crowding out The possibility that an increase in one form of spending may cause another form to fall. This could happen in various ways: Suppose for example that government spending on public works rises. This might use scarce resources, such as skilled engineers, diverting them from alternative investment projects which are thus delayed. Alternatively, if increased demand causes inflation, this might lead to tighter monetary policy, thus cutting other forms of spending. Finally, if private investors are made nervous by increased government debt, a rise in public works might scare off private investment. Total crowding out occurs if other spending falls by 100 per cent of the rise in public works. Partial crowding out occurs if other spending falls, but by less than public spending rises. It is possible that crowding in may occur, that is, other spending is actually increased, if conditions are such that the Keynesian multiplier works, or through favourable effects of an overall rise in spending on the confidence of private investors. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。