The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies

The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies
This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and medium term, with an average short-term fiscal... READ MORE...

Publication date: October 2017
ISBN 9781484320709
$18.00

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