{
  "title": "Improving Public Infrastructure in the Philippines",
  "publication": "IMF Working Papers, February 29, 2016",
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  "summary": "This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to a",
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    {
      "heading": "Summary",
      "content": "- This paper explores the macroeconomic effects of improving public infrastructure in the Philippines.\n- Methodology: benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency; then using model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency."
    },
    {
      "heading": "Main results / findings",
      "content": "- Increasing public infrastructure investment results in sustained gains in output.\n- The effects of improving public investment efficiency are substantial.\n- Deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization."
    },
    {
      "heading": "Policy implications and emphasis",
      "content": "- Raise public infrastructure investment to achieve sustained output gains.\n- Improve public investment efficiency to amplify macroeconomic benefits.\n- Prioritize revenue mobilization when scaling up public investment to avoid higher borrowing costs that could constrain output increases over time.\n\n---\n\n Content in this bundle\n\n- wp1639\n  - wp1639 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1639 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/improving-public-infrastructure-in-the-philippines-43751"
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    "Authors: Takuji Komatsuzaki",
    "Published: February 29, 2016",
    "Series: IMF Working Papers",
    "This paper explores the macroeconomic effects of improving public infrastructure in the Philippines.",
    "Methodology: benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency; then using model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency.",
    "Increasing public infrastructure investment results in sustained gains in output.",
    "The effects of improving public investment efficiency are substantial.",
    "Deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization.",
    "Raise public infrastructure investment to achieve sustained output gains.",
    "Improve public investment efficiency to amplify macroeconomic benefits.",
    "Prioritize revenue mobilization when scaling up public investment to avoid higher borrowing costs that could constrain output increases over time.",
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