Verfügbarkeit: Public Investment and Growth in the Eastern Caribbean

Public Investment and Growth in the Eastern Caribbean:

This paper quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is very likely negative. This means that the total change in real output induced by one...

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1. Verfasser:	Roache, Shaun K. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2007
Schriftenreihe:	IMF Working Papers Working Paper No. 07/124
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 quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is very likely negative. This means that the total change in real output induced by one EC dollar of public investment, due to its short-run impact on demand, or the longer-run impact on supply, is below one EC dollar. Public investment shocks also appear to appreciate the real exchange rate, suggesting that the short-run demand impact is larger than the long-run supply response
Beschreibung:	1 Online-Ressource (20 p)
ISBN:	1451866887 9781451866889

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spelling	Roache, Shaun K. Verfasser aut Public Investment and Growth in the Eastern Caribbean Roache, Shaun K Washington, D.C International Monetary Fund 2007 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/124 This paper quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is very likely negative. This means that the total change in real output induced by one EC dollar of public investment, due to its short-run impact on demand, or the longer-run impact on supply, is below one EC dollar. Public investment shocks also appear to appreciate the real exchange rate, suggesting that the short-run demand impact is larger than the long-run supply response Online-Ausg http://elibrary.imf.org/view/IMF001/08464-9781451866889/08464-9781451866889/08464-9781451866889.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Roache, Shaun K. Public Investment and Growth in the Eastern Caribbean
title	Public Investment and Growth in the Eastern Caribbean
title_auth	Public Investment and Growth in the Eastern Caribbean
title_exact_search	Public Investment and Growth in the Eastern Caribbean
title_exact_search_txtP	Public Investment and Growth in the Eastern Caribbean
title_full	Public Investment and Growth in the Eastern Caribbean Roache, Shaun K
title_fullStr	Public Investment and Growth in the Eastern Caribbean Roache, Shaun K
title_full_unstemmed	Public Investment and Growth in the Eastern Caribbean Roache, Shaun K
title_short	Public Investment and Growth in the Eastern Caribbean
title_sort	public investment and growth in the eastern caribbean
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