Efficiency-Adjusted Public Capital and Growth:
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income sha...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/217 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income share of public capital is larger in middle- than in low-income countries, the opposite is true for the marginal product of public capital. The quality of public investment, as measured by variables capturing the adequacy of project selection and implementation, are statistically significant in explaining variations in economic growth, a result mainly driven by low-income countries |
Beschreibung: | 1 Online-Ressource (35 p) |
ISBN: | 1463903502 9781463903503 |
Internformat
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spelling | Gupta, Sanjeev Verfasser aut Efficiency-Adjusted Public Capital and Growth Gupta, Sanjeev Washington, D.C International Monetary Fund 2011 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/217 This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income share of public capital is larger in middle- than in low-income countries, the opposite is true for the marginal product of public capital. The quality of public investment, as measured by variables capturing the adequacy of project selection and implementation, are statistically significant in explaining variations in economic growth, a result mainly driven by low-income countries Online-Ausg Kangur, Alvar Sonstige oth Papageorgiou, Chris Sonstige oth Wane, Abdoul Aziz Sonstige oth http://elibrary.imf.org/view/IMF001/12199-9781463903503/12199-9781463903503/12199-9781463903503.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Gupta, Sanjeev Efficiency-Adjusted Public Capital and Growth |
title | Efficiency-Adjusted Public Capital and Growth |
title_auth | Efficiency-Adjusted Public Capital and Growth |
title_exact_search | Efficiency-Adjusted Public Capital and Growth |
title_exact_search_txtP | Efficiency-Adjusted Public Capital and Growth |
title_full | Efficiency-Adjusted Public Capital and Growth Gupta, Sanjeev |
title_fullStr | Efficiency-Adjusted Public Capital and Growth Gupta, Sanjeev |
title_full_unstemmed | Efficiency-Adjusted Public Capital and Growth Gupta, Sanjeev |
title_short | Efficiency-Adjusted Public Capital and Growth |
title_sort | efficiency adjusted public capital and growth |
url | http://elibrary.imf.org/view/IMF001/12199-9781463903503/12199-9781463903503/12199-9781463903503.xml |
work_keys_str_mv | AT guptasanjeev efficiencyadjustedpubliccapitalandgrowth AT kanguralvar efficiencyadjustedpubliccapitalandgrowth AT papageorgiouchris efficiencyadjustedpubliccapitalandgrowth AT waneabdoulaziz efficiencyadjustedpubliccapitalandgrowth |