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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Berg, Andrew
Kolejni autorzy: Buffie, Edward, Pattillo, Catherine, Portillo, Rafael
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2015.
Seria:IMF Working Papers; Working Paper ; No. 2015/272
Dostęp online:Full text available on IMF