Can an Increase in Public Investment Sustainably Lift Economic Growth?:
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could finan...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2016
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could finance a ½ percentage point of GDP investment-led stimulus for three to four years on average in OECD countries without raising the debt-to-GDP ratio in the medium term, provided projects are sound. After one year, the average output gains for the large advanced economies of such a stimulus amount to 0.4-0.6%. However, the gains are particularly uncertain for Japan. Reprioritising spending in later years would lead to average long-term output gains of between 0.5 to 2% in the large advanced economies. Those gains depend on the assumptions made on the rate of return. Hysteresis reinforces the case for an investment-led stimulus. Output gains will also be higher if the stimulus is combined with structural reforms and if countries act collectively |
| Beschreibung: | 1 Online-Ressource (37 Seiten) |
| DOI: | 10.1787/a25a7723-en |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047932098 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2016 |||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1787/a25a7723-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061311774 | ||
| 035 | |a (OCoLC)1312711085 | ||
| 035 | |a (DE-599)BVBBV047932098 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Mourougane, Annabelle |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Can an Increase in Public Investment Sustainably Lift Economic Growth? |c Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al] |
| 246 | 1 | 3 | |a Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? |
| 264 | 1 | |a Paris |b OECD Publishing |c 2016 | |
| 300 | |a 1 Online-Ressource (37 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could finance a ½ percentage point of GDP investment-led stimulus for three to four years on average in OECD countries without raising the debt-to-GDP ratio in the medium term, provided projects are sound. After one year, the average output gains for the large advanced economies of such a stimulus amount to 0.4-0.6%. However, the gains are particularly uncertain for Japan. Reprioritising spending in later years would lead to average long-term output gains of between 0.5 to 2% in the large advanced economies. Those gains depend on the assumptions made on the rate of return. Hysteresis reinforces the case for an investment-led stimulus. Output gains will also be higher if the stimulus is combined with structural reforms and if countries act collectively | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Botev, Jarmila |4 ctb | |
| 700 | 1 | |a Fournier, Jean-Marc |4 ctb | |
| 700 | 1 | |a Pain, Nigel |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/a25a7723-en |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033313592 | ||
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UBA01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UBG01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UEI01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UER01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UPA01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UBR01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UBW01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FFW01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FNU01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l EUV01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FRO01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FHR01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FHN01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l TUM01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l FHI01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1787/a25a7723-en |l UBM01 |p ZDB-13-SOC |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804183570568183808 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Mourougane, Annabelle |
| author2 | Botev, Jarmila Fournier, Jean-Marc Pain, Nigel |
| author2_role | ctb ctb ctb |
| author2_variant | j b jb j m f jmf n p np |
| author_facet | Mourougane, Annabelle Botev, Jarmila Fournier, Jean-Marc Pain, Nigel |
| author_role | aut |
| author_sort | Mourougane, Annabelle |
| author_variant | a m am |
| building | Verbundindex |
| bvnumber | BV047932098 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061311774 (OCoLC)1312711085 (DE-599)BVBBV047932098 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/a25a7723-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03991nmm a2200565zc 4500</leader><controlfield tag="001">BV047932098</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2016 |||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/a25a7723-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061311774</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312711085</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047932098</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Mourougane, Annabelle</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Can an Increase in Public Investment Sustainably Lift Economic Growth?</subfield><subfield code="c">Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al]</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Une augmentation de l'investissement public peut-elle durablement augmenter la croissance?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2016</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (37 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could finance a ½ percentage point of GDP investment-led stimulus for three to four years on average in OECD countries without raising the debt-to-GDP ratio in the medium term, provided projects are sound. After one year, the average output gains for the large advanced economies of such a stimulus amount to 0.4-0.6%. However, the gains are particularly uncertain for Japan. Reprioritising spending in later years would lead to average long-term output gains of between 0.5 to 2% in the large advanced economies. Those gains depend on the assumptions made on the rate of return. Hysteresis reinforces the case for an investment-led stimulus. Output gains will also be higher if the stimulus is combined with structural reforms and if countries act collectively</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Botev, Jarmila</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Fournier, Jean-Marc</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pain, Nigel</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033313592</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FFW01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">EUV01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FRO01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FHR01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FHN01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">FHI01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV047932098 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:58Z |
| indexdate | 2024-07-10T09:25:33Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033313592 |
| oclc_num | 1312711085 |
| open_access_boolean | |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (37 Seiten) |
| psigel | ZDB-13-SOC |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Mourougane, Annabelle Verfasser aut Can an Increase in Public Investment Sustainably Lift Economic Growth? Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al] Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? Paris OECD Publishing 2016 1 Online-Ressource (37 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could finance a ½ percentage point of GDP investment-led stimulus for three to four years on average in OECD countries without raising the debt-to-GDP ratio in the medium term, provided projects are sound. After one year, the average output gains for the large advanced economies of such a stimulus amount to 0.4-0.6%. However, the gains are particularly uncertain for Japan. Reprioritising spending in later years would lead to average long-term output gains of between 0.5 to 2% in the large advanced economies. Those gains depend on the assumptions made on the rate of return. Hysteresis reinforces the case for an investment-led stimulus. Output gains will also be higher if the stimulus is combined with structural reforms and if countries act collectively Economics Botev, Jarmila ctb Fournier, Jean-Marc ctb Pain, Nigel ctb https://doi.org/10.1787/a25a7723-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Mourougane, Annabelle Can an Increase in Public Investment Sustainably Lift Economic Growth? Economics |
| title | Can an Increase in Public Investment Sustainably Lift Economic Growth? |
| title_alt | Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? |
| title_auth | Can an Increase in Public Investment Sustainably Lift Economic Growth? |
| title_exact_search | Can an Increase in Public Investment Sustainably Lift Economic Growth? |
| title_exact_search_txtP | Can an Increase in Public Investment Sustainably Lift Economic Growth? |
| title_full | Can an Increase in Public Investment Sustainably Lift Economic Growth? Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al] |
| title_fullStr | Can an Increase in Public Investment Sustainably Lift Economic Growth? Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al] |
| title_full_unstemmed | Can an Increase in Public Investment Sustainably Lift Economic Growth? Annabelle Mourougane ... [et al] = Une augmentation de l'investissement public peut-elle durablement augmenter la croissance? / Annabelle Mourougane ... [et al] |
| title_short | Can an Increase in Public Investment Sustainably Lift Economic Growth? |
| title_sort | can an increase in public investment sustainably lift economic growth |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/a25a7723-en |
| work_keys_str_mv | AT mourouganeannabelle cananincreaseinpublicinvestmentsustainablylifteconomicgrowth AT botevjarmila cananincreaseinpublicinvestmentsustainablylifteconomicgrowth AT fournierjeanmarc cananincreaseinpublicinvestmentsustainablylifteconomicgrowth AT painnigel cananincreaseinpublicinvestmentsustainablylifteconomicgrowth AT mourouganeannabelle uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT botevjarmila uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT fournierjeanmarc uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT painnigel uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance |