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Public Capital and Growth

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 i...

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Bibliographic Details
Main Author: Arslanalp, Serkan
Other Authors: Bornhorst, Fabian, Gupta, Sanjeev, Sze, Elsa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Working Papers
Subjects:
Capital Accumulation
National Government Expenditures And Related Policies: Infrastructures
Institutional Investors
Investment
Stocks
Public Investment Spending
Pension Funds
Public Finance & Taxation
Financial Instruments
Other Public Investment And Capital Stock
Intangible Capital
Non-bank Financial Institutions
Depreciation
Saving And Investment
Investments: Stocks
Investments: General
Public-private Sector Cooperation
Macroeconomics
Public Investments
Capacity
Investment & Securities
Public Investment And Public-private Partnerships (ppp)
Capital
Public Finance
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:34 pages
ISBN:9781455201860

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