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The quality of public investment /
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the contradictor...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, DC] :
International Monetary Fund,
2009.
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| Colección: | IMF working paper ;
WP/09/154. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the contradictory empirical results on the effects of public investment found in the literature as well as for the role of the quality of public infrastructure investment in creating a gap between rich and poor countries. From a policy perspective, the paper suggests that the link between public investment and grow. |
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| Descripción Física: | 1 online resource (23 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1451917295 9781451917291 1462312381 9781462312382 1452745021 9781452745022 1451873018 9781451873016 9786612843679 6612843675 1282843672 9781282843677 |
| ISSN: | 2227-8885 ; |