Series: Economic Issues
Author(s): Bernardin Akitoby , Gerd Schwartz , and Richard Hemming
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 December 2007
Keywords: public debt, fiscal targets, public finance, fiscal risk
Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully underst...