crowding out

Economists disagree on whether government borrowing leads to crowding out of private investment.经济学家对政府借贷是否会导致私人投资的挤出效应存在分歧。

High levels of public debt may result in crowding out if they drive up interest rates.如果高水平的公共债务推高了利率，可能会导致挤出效应。