Some Misconceptions about Public Investment Efficiency 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, increases in public investment spending in inefficient countries do not have a lower i...
| Autor principal: | |
|---|---|
| Otros Autores: | , , |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2015/272 |
| Acceso en línea: | Full text available on IMF |