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Public Capital and Growth
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Author/Editor: |
Arslanalp, Serkan | Bornhorst, Fabian | Gupta, Sanjeev | Sze, Elsa |
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July 1, 2010 |
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Electronic Access: |
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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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.
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Order a print copy
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Series: |
Working Paper No. 10/175 |
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Subject(s): |
Capital | Cross country analysis | Economic growth | Economic models | Public investment |
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Author's keyword(s): |
Public investment | public capital | economic growth. |
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Published: |
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July 1, 2010 |
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Format: |
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Paper |
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Stock No: |
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WPIEA2010175 |
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Pages: |
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34 |
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Price: |
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US$18.00
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