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Public Capital and Growth

Author/Editor: Arslanalp, Serkan | Bornhorst, Fabian | Gupta, Sanjeev | Sze, Elsa
Authorized for Distribution: July 1, 2010
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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.

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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Series: Working Paper No. 10/175
Subject(s): Capital | Cross country analysis | Economic growth | Economic models | Public investment
Author's keyword(s): Public investment | public capital | economic growth.
 
English  
    Published:   July 1, 2010        
            Format:   Paper
    Stock No:   WPIEA2010175   Pages:   34
    Price:   US$18.00
       
     
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