Investing in Electricity, Growth, and Debt Sustainability : The Case of Lesotho /

This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through growth-enhancin...

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Bibliographic Details
Main Author: Andreolli, Michele
Other Authors: Abdychev, Aidar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/115
Online Access:Full text available on IMF