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
no.1351 |
| Schlagworte: | |
| Online-Zugang: | 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 p.) |
| DOI: | 10.1787/a25a7723-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061311774 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121528.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2016 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/a25a7723-en |2 doi | |
| 035 | |a (DE-627-1)061311774 | ||
| 035 | |a (DE-599)KEP061311774 | ||
| 035 | |a (FR-PaOEC)a25a7723-en | ||
| 035 | |a (EBP)061311774 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a C3 |2 jelc | ||
| 084 | |a E6 |2 jelc | ||
| 100 | 1 | |a Mourougane, Annabelle |e VerfasserIn |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 | 3 | 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 p.) | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.1351 | |
| 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 |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Fournier, Jean-Marc |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Pain, Nigel |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Rusticelli, Elena |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/a25a7723-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061311774 |
|---|---|
| _version_ | 1804748649066921984 |
| adam_text | |
| any_adam_object | |
| author | Mourougane, Annabelle |
| author2 | Botev, Jarmila Fournier, Jean-Marc Pain, Nigel Rusticelli, Elena |
| author2_role | ctb ctb ctb ctb |
| author2_variant | j b jb j m f jmf n p np e r er |
| author_facet | Mourougane, Annabelle Botev, Jarmila Fournier, Jean-Marc Pain, Nigel Rusticelli, Elena |
| author_role | aut |
| author_sort | Mourougane, Annabelle |
| author_variant | a m am |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061311774 (DE-599)KEP061311774 (FR-PaOEC)a25a7723-en (EBP)061311774 |
| discipline | 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>02596cam a22004212 4500</leader><controlfield tag="001">ZDB-13-SOC-061311774</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121528.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2016 xx |||||o 00| ||eng c</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">(DE-627-1)061311774</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061311774</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)a25a7723-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061311774</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">C3</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E6</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Mourougane, Annabelle</subfield><subfield code="e">VerfasserIn</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="3" 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 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><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><subfield code="v">no.1351</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="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Fournier, Jean-Marc</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pain, Nigel</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Rusticelli, Elena</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/a25a7723-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061311774 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-16T15:07:14Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (37 p.) |
| 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 VerfasserIn 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 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1351 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 MitwirkendeR ctb Fournier, Jean-Marc MitwirkendeR ctb Pain, Nigel MitwirkendeR ctb Rusticelli, Elena MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/a25a7723-en 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_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 rusticellielena cananincreaseinpublicinvestmentsustainablylifteconomicgrowth AT mourouganeannabelle uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT botevjarmila uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT fournierjeanmarc uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT painnigel uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance AT rusticellielena uneaugmentationdelinvestissementpublicpeutelledurablementaugmenterlacroissance |