Public Capital and Growth
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.
Series:
Working Paper No. 2010/175
Subject:
Capital accumulation Depreciation Public investment and public-private partnerships (PPP) Public investment spending Stocks
Frequency:
Quarterly
English
Publication Date:
July 1, 2010
ISBN/ISSN:
9781455201860/1018-5941
Stock No:
WPIEA2010175
Pages:
34
Please address any questions about this title to publications@imf.org