David, Antonio; Zanna, Luis-Felipe; Espinoza, Raphael A.; … - International Monetary Fund (IMF) - 2012
This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic … model that explicitly analyzes the links between public investment, economic growth, and debt sustainability. In the model … increases in public investment. The model application indicates that a very large increase in public investment would have …