Resource windfalls, optimal public investment and redistribution : the role of total factor productivity and administrative capacity /

Mostrar otras versiones (1)

This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Arezki, Rabah (Autor), Dupuy, Arnaud (Autor), Gelb, Alan H. (Autor)
Autor Corporativo: International Monetary Fund. Institute for Capacity Development
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/200.
Temas:
Public investments > Econometric models.
Investissements publics > Modèles économétriques.
BUSINESS & ECONOMICS > Finance.
Public investments > Econometric models
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000 a 4500
001 EBOOKCENTRAL_ocn805598555
003 OCoLC
005 20240329122006.0
006 m o d
007 cr |||||||||||
008 120809s2012 dcu ob i000 0 eng d
040 |a DJB  |b eng  |e pn  |c DJB  |d DJB  |d CUS  |d OCLCQ  |d E7B  |d OCLCF  |d OCLCQ  |d N$T  |d VT2  |d YDXCP  |d EBLCP  |d DEBBG  |d OCLCQ  |d CUS  |d AZK  |d LOA  |d AGLDB  |d OCLCQ  |d COCUF  |d OCLCQ  |d MOR  |d CCO  |d PIFAG  |d ZCU  |d MERUC  |d OCLCQ  |d U3W  |d STF  |d VNS  |d WRM  |d OCLCQ  |d VTS  |d CEF  |d NRAMU  |d ICG  |d AU@  |d OCLCQ  |d DKC  |d OCLCQ  |d M8D  |d U3G  |d OCLCQ  |d BOL  |d UKCRE  |d AJS  |d OCLCQ  |d OCLCO  |d OCLCQ  |d QGK  |d S2H  |d OCLCO  |d OCLCQ  |d OCLCL 
019 |a 812997592  |a 870244991  |a 885502722  |a 903698881  |a 961634044  |a 962652243  |a 965973946  |a 988451305  |a 992032701  |a 1037721610  |a 1038665859  |a 1045500598  |a 1055355936  |a 1058131283  |a 1081269253  |a 1107372539  |a 1114410052  |a 1124517241  |a 1153020588  |a 1202540856  |a 1228583337  |a 1259070407  |a 1289520988  |a 1313550073 
020 |a 1475591063  |q (electronic bk.) 
020 |a 9781475591064  |q (electronic bk.) 
020 |a 9781475521528 
020 |a 1475521529 
020 |a 1475505507 
020 |a 9781475505504 
020 |z 9781475505504 
020 |a 1475587120 
020 |a 9781475587128 
024 8 |a 10.5089/9781475591064.001 
029 1 |a AU@  |b 000050082798 
029 1 |a AU@  |b 000052919090 
029 1 |a AU@  |b 000053027001 
029 1 |a CHNEW  |b 000674502 
029 1 |a CHNEW  |b 000695002 
029 1 |a CHNEW  |b 000695009 
029 1 |a DEBBG  |b BV041387305 
029 1 |a DEBBG  |b BV043786772 
029 1 |a DEBBG  |b BV044178343 
029 1 |a DEBSZ  |b 472759493 
029 1 |a NZ1  |b 15024996 
035 |a (OCoLC)805598555  |z (OCoLC)812997592  |z (OCoLC)870244991  |z (OCoLC)885502722  |z (OCoLC)903698881  |z (OCoLC)961634044  |z (OCoLC)962652243  |z (OCoLC)965973946  |z (OCoLC)988451305  |z (OCoLC)992032701  |z (OCoLC)1037721610  |z (OCoLC)1038665859  |z (OCoLC)1045500598  |z (OCoLC)1055355936  |z (OCoLC)1058131283  |z (OCoLC)1081269253  |z (OCoLC)1107372539  |z (OCoLC)1114410052  |z (OCoLC)1124517241  |z (OCoLC)1153020588  |z (OCoLC)1202540856  |z (OCoLC)1228583337  |z (OCoLC)1259070407  |z (OCoLC)1289520988  |z (OCoLC)1313550073 
037 |b 00013468 
050 4 |a HG3881.5.I58  |b W67 No. 200eb 
072 7 |a BUS  |x 027000  |2 bisacsh 
082 0 4 |a 332.67252  |2 23 
049 |a UAMI 
100 1 |a Arezki, Rabah,  |e author. 
245 1 0 |a Resource windfalls, optimal public investment and redistribution :  |b the role of total factor productivity and administrative capacity /  |c prepared by Rabah Arezki, Arnaud Dupuy and Alan Gelb. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
300 |a 1 online resource (34 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a data file 
490 1 |a IMF working paper ;  |v WP/12/200 
500 |a Title from PDF title page (IMF Web site, viewed August 9, 2012). 
520 |a This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government direct transfers. A key assumption is that those adjustment costs rise with the size of the resource windfall. The main results from the analytical model are threefold. First, a larger resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher total factor productivity in the non-resource sector reduces the degree of des-investment in public capital commanded by weaker administrative capacity. We further extend our basic model to allow for "investing in investing"--That is public investment in administrative capacity - by endogenizing the adjustment cost in public investment. Results from the numerical simulations suggest, among other things, that a higher initial stock of public administrative "know how" leads to a higher level of optimal public investment following a resource windfall. Implications for policy are discussed 
504 |a Includes bibliographical references. 
500 |a "Institute for Capacity Development." 
500 |a "August 2012." 
505 0 |a Cover; Contents; I. Introduction; II. Existing Theoretical Frameworks; III. A Simple Model of Public Investment; A. Model Set-up; B. Discussion of Results; IV. An Extension of The Model with Endogenous Investment in Administrative Capacity; V. Policy implications; References; Appendixes; Appendix 1: Parametric Specification; Appendix 2: Parametric Specification of the Extended Model; Figures; Figure 1. Share of Natural Capital around the World; Figure 2. Public Management Index by Sub-Groups; Figure 3. Investor Protection Index; Figure 4. Non-Resource Sector Total Factor Productivity. 
505 8 |a Figure 5. Public Investment Management Index and Non-resource Sector Total FactorFigure 6. Resource Windfall, Consumption and Foreign Debt under the Permanent; Figure 7. Evolution of Wages, Resource Windfalls and Sovereign Debt; Figure 8. Evolution of the Stock of Public Capital under Different Scenarios; Figure 9. Evolution of Wages under Different Scenarios; Figure 10. Evolution of Private Consumption under Different Scenarios; Figure 11. Evolution of the Stock of Public Capital under Different Scenarios; Figure 12. Evolution of the Stock of Private Capital under Different Scenarios. 
546 |a English. 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Public investments  |x Econometric models. 
650 6 |a Investissements publics  |x Modèles économétriques. 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a Public investments  |x Econometric models  |2 fast 
700 1 |a Dupuy, Arnaud,  |e author. 
700 1 |a Gelb, Alan H.,  |e author. 
710 2 |a International Monetary Fund.  |b Institute for Capacity Development. 
758 |i has work:  |a Resource windfalls, optimal public investment, and redistribution (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGq8RTvqhG49PDrdfcHDdP  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Gelb, Alan H.  |t Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity.  |d Washington : International Monetary Fund, ©2012  |z 9781475505504 
830 0 |a IMF working paper ;  |v WP/12/200. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1606931  |z Texto completo 
938 |a EBL - Ebook Library  |b EBLB  |n EBL1606931 
938 |a ebrary  |b EBRY  |n ebr10627087 
938 |a EBSCOhost  |b EBSC  |n 568186 
938 |a YBP Library Services  |b YANK  |n 9927181 
938 |a YBP Library Services  |b YANK  |n 10691604 
994 |a 92  |b IZTAP 

Ejemplares similares