Some Misconceptions about Public Investment Efficiency and Growth

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 impact on growth than in efficient countries, a... READ MORE...

Publication date: December 2015
ISBN 9781513589978
$18.00

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