of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a …

While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often … public investment in a large sample of road construction projects in developing countries. Consistent with the presence of … absorptive capacity constraints, our results show a non-linear U-shaped relationship between public investment and project costs …

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …

explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth …We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making …

rapidly. Achieving an appropriate balance among public investment, growth, and debt sustainability has become a priority for … assesses Cape Verde's public debt risks, taking into account the link between public investment and growth. The paper concludes … usual DSA criteria. A more moderate scaling-up of public investment may contribute better to stable and sustained growth …

rapidly. Achieving an appropriate balance among public investment, growth, and debt sustainability has become a priority for … assesses Cape Verde's public debt risks, taking into account the link between public investment and growth. The paper concludes … usual DSA criteria. A more moderate scaling-up of public investment may contribute better to stable and sustained growth …

model that explicitly analyzes the links between public investment, economic growth, and debt sustainability. In the model …This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic … increases in public investment. The model application indicates that a very large increase in public investment would have …

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling …-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt … investment profile is more favorable than front-loading capital spending because we assume governments are able to gradually …

establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price-in terms … of lower growth and greater output volatility-for excessive debt accumulation …