Series: IMF Working Papers
Author(s): Andrew Berg , Rafael Portillo , Edward Buffie , Catherine Pattillo , and Luis-Felipe Zanna
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: Growth, public debt, private capital, commercial borrowing, International Lending and Debt Problems, Monetary Growth Models,
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (...