Efficiency-Adjusted Public Capital and Growth

Efficiency-Adjusted Public Capital and Growth
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income share of public capital is larger in middle- than in READ MORE...

Publication date: September 2011
ISBN 9781463903503
$18.00

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