Public Capital and Growth
IMF Working Papers, July 1, 2010
Source details
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- Public Capital and Growth
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Bibliographic details
- Authors: Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta, Elsa Sze
- Published: July 1, 2010
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781455201860.001
Authors and Publication
- Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta, Elsa Sze
- July 1, 2010
- IMF Working Papers, Working Paper No. 2010/175, Issue: 175, Volume: 2010
- Pages: 34
- DOI: https://doi.org/10.5089/9781455201860.001
- ISBN: 9781455201860
- ISSN: 1018-5941
- Stock No: WPIEA2010175
Research Question and Scope
- Estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001.
- Methodological framework: production function and its extensions.
Key Findings
- The elasticity of output with respect to public capital is positive but concave.
- The positive-concave elasticity result is robust to:
- changes in time intervals
- varying depreciation rates
- In non-OECD countries, the growth impact of public capital is higher once longer time intervals are considered.
Subject Areas and Keywords
- Subject: Capital accumulation, Depreciation, Public investment and public-private partnerships (PPP), Public investment spending, Stocks
- Keywords: investment rate, ln g, ln k, ln l, OECD country, public capital, WP
Availability
- Format: PDF available for download via IMF eLibrary
- Additional formats and print ordering available through IMF eLibrary
Source: Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta, and Elsa Sze, "Public Capital and Growth", IMF Working Papers 2010, 175 (2010), DOI: https://doi.org/10.5089/9781455201860.001.