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Scaling up quality infrastructure investment in South Asia
Bizimana, Olivier; Jaramillo Echeverri, Laura; Thomas, Saji - 2021
South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …
Persistent link: https://www.econbiz.de/10012613693
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Vietnam's development success story and the unfinished SDG agenda
Baum, Anja - 2020
exercise that focusses on five sectors - education, health, roads, water, and electricity infrastructure. Achieving the …
Persistent link: https://www.econbiz.de/10012177601
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On the substitution of private and public capital in production
An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012154588
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Is the public investment multiplier higher in developing countries? : an empirical exploration
Izquierdo, Alejandro; Lama C., Ruy; Medina, Juan Pablo; … - 2019
Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...
Persistent link: https://www.econbiz.de/10012155114
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Efficiency-adjusted public capital, capital grants, and growth
Crivelli, Ernesto - 2017
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10011705315
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Investing to mitigate and adapt to climate change : a framework model
Bonen, Anthony; Loungani, Prakash; Semmler, Willi; … - 2016
We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused...
Persistent link: https://www.econbiz.de/10011715124
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Efficiency-adjusted public capital and growth
Gupta, Sanjeev; Kangur, Alvar; Papageorgiou, Chris; … - 2011
Persistent link: https://www.econbiz.de/10009422427
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Infrastructure and income distribution in ASEAN-5 : what are the links?
Seneviratne, Dulani; Sun, Yan - 2013
Persistent link: https://www.econbiz.de/10009706785
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Public Capital and Growth
Arslanalp, Serkan - 2010
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to...
Persistent link: https://www.econbiz.de/10014412197
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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L. - 2008
This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...
Persistent link: https://www.econbiz.de/10014401381