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Roads to nowhere : how corruption in public investment hurts growth /
This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gr...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
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Washington, D.C. :
International Monetary Fund,
1998.
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| Colección: | Economic issues (International Monetary Fund) ;
12. |
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| Acceso en línea: | Texto completo |
| Sumario: | This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gross domestic product (the total of all goods and services produced in a country in a given year) may have risen, the average productivity of the investment has dropped. |
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| Notas: | Guillermo and Michèle de la Dehesa Legacy Collection. "Draws on material originally contained in [the authors'] IMF Working Paper 97/139 'Corruption, Public Investment, and Growth'"--Preface "March 1998"--Title page verso |
| Descripción Física: | 1 online resource (iii, 12 pages) |
| ISBN: | 9781455245550 1455245550 |