Series: IMF Working Papers
Author(s): Sanjeev Gupta , Alvar Kangur , Abdoul Wane , and Chris Papageorgiou
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
Keywords: Public capital stock, public investment efficiency, appraisal, selection, implementation, evaluation of public investment, growth accounting, public investment, capital stock, investment management
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant...