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|z 9781513573793
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|c BD-DhAAL
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|a Moszoro, Marian.
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|a The Direct Employment Impact of Public Investment /
|c Marian Moszoro.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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|a 1 online resource (20 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that USD 1 million of public spending in infrastructure create 3-7 jobs in advanced economies, 10-17 jobs in emerging market economies, and 16-30 jobs in low-income developing countries. As a comparison, USD 1 million public spending on R and D yields 5-11 jobs in R and D in OECD countries. Green investment and investment with a larger R and D component deliver higher employment effect. Overall, we estimate that one percent of global GDP in public investment can create more than seven million jobs worldwide through its direct employment effects alone.
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|a Foreign Exchange
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|a Informal Economy
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|a National Government Expenditures and Related Policies
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|a Other Public Investment and Capital Stock
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|a IMF Working Papers; Working Paper ;
|v No. 2021/131
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2021/131/001.2021.issue-131-en.xml
|z IMF e-Library
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