Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze … the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity …