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An improvement in the quality of public expenditures is needed in many countries, given binding macroeconomic and fiscal constraints, and poverty reduction and distributional objectives. This process involves a reassessment of methodology used for this purpose by countries and international...
Persistent link: https://www.econbiz.de/10012781723
generates depend crucially on (i) the elasticity of substitution in production, (ii) whether the aid flow is tied to investment …
Persistent link: https://www.econbiz.de/10014068124
economic expansion by increasing the share of formal production, then re-allocating existing aid to public investment is more …
Persistent link: https://www.econbiz.de/10012827173
This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on...
Persistent link: https://www.econbiz.de/10014400822
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …
Persistent link: https://www.econbiz.de/10012828060
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a new capital good may require on-the-job training or fresh investment in the educational system or even physical …
Persistent link: https://www.econbiz.de/10014439042