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Some Misconceptions about Public Investment Efficiency and Growth*

Some Misconceptions about Public Investment Efficiency and Growth* »

Source: Some Misconceptions about Public Investment Efficiency and Growth

Volume/Issue: 2015/272

Series: IMF Working Papers

Author(s): Andrew Berg , Edward Buffie , Catherine Pattillo , Rafael Portillo , Andrea Presbitero , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2015

ISBN: 9781513589978

Keywords: Public investment, Growth, Efficiency, Low-Income Countries, capital, investment, production, Infrastructures, General, Institutions and Growth

We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount spent. We show that, in a simple and standard model,...

Some Misconceptions about Public Investment Efficiency and Growth

Some Misconceptions about Public Investment Efficiency and Growth »

Volume/Issue: 2015/272

Series: IMF Working Papers

Author(s): Andrew Berg , Edward Buffie , Catherine Pattillo , Rafael Portillo , Andrea Presbitero , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2015

DOI: http://dx.doi.org/10.5089/9781513589978.001

ISBN: 9781513589978

Keywords: Public investment, Growth, Efficiency, Low-Income Countries, capital, investment, production, Infrastructures, General, Institutions and Growth

We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount spent. We show that, in a simple and standard model,...