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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Chakraborty, Shankha (Author), Dabla-Norris, Era (Author)
Corporate Authors: IMF Institute, International Monetary Fund. Strategy, Policy, and Review Department
Format: Electronic eBook
Language:Inglés
Published: [Washington, DC] : International Monetary Fund, 2009.
Series:IMF working paper ; WP/09/154.
Subjects:
Public investments.
Economics.
Economics
Investissements publics.
Économie politique.
economics.
Public investments
Online Access:Texto completo
Table of Contents:
  • I. Introduction; Figure 1. Infrastructure Quality vs. Control of Corruption; II. The Environment; III. General Equilibrium; IV. Discussion; A. Micro versus Macro Evidence; Table 1. Effective Output Elasticity of Public Capital; B. Accounting for Income Gaps; Table 2. Ratio of Quality-adjusted Public Capital; Table 3. Steady-State Predictions for Output Gaps; V. Conclusion; Figure 2. Multiple Equilibria in Corruption; References

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