Public Capital and Growth

Public Capital and Growth
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Volume/Issue:
2010/175
Series:
IMF Working Papers
Author(s):
Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta, and Elsa Sze
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2010
DOI:
http://dx.doi.org/10.5089/9781455201860.001
ISBN:
9781455201860
ISSN:
1018-5941
Page:
34
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.
Article

Public Capital and Growth

Author(s):
Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta, and Elsa Sze
Published Date:
July 2010
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