Revisiting Public Investment Multipliers : Nonlinear Effects of the Business Cycle, Fiscal Space, Efficiency, and Capital Stock (Inglés)

The paper examines the macroeconomic effects of public investment in emerging market and developing economies. To this end, the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment. Estimations using local projections based on a large sample of 129 countries over 1980–2019 suggest that public investment can significantly boost economic growth: an increase in public investment by 1 percent of...

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INFORMACIÓN

Autor

Amat Adarov;

Clements,Benedict;

Jalles,João Tovar;
Fecha del documento
2024/10/22
Tipo de documento
Documento de trabajo sobre investigaciones relativas a políticas
Número del informe
WPS10954
Volumen
1
País
Todo el mundo,
Región
Otras regiones,
Fecha de divulgación
2024/10/22
Disclosure Status
Disclosed
Nom. del doc.
Revisiting Public Investment Multipliers : Nonlinear Effects of the Business Cycle, Fiscal Space, Efficiency, and Capital Stock

Idioma

Inglés

ID del proy. rel.

1W-Foundations for Robust Growth in the Face of Shocks -- P179658

Sector principal

FY17 - Public Administration

Theme

FY17 - Fiscal Policy,FY17 - Green Growth,FY17 - Macroeconomic & Structural Policy Modelling,FY17 - Public Finance Management,FY17 - Domestic Revenue Administration,FY17 - Fiscal sustainability,FY17 - Inclusive Growth,FY17 - Economic Growth and Planning,FY17 - Disaster Risk Management

Sector

FY17 - Central Government (Central Agencies)

Temas

Fiscal Policy,Investment Promotion,Expenditure Efficiency,Public Investment Management,

Unidad propietaria

Prospects Group (DECPG)

Unidad de origen

DEC-IFC, Off of VP (DECVP)

Version Type

Final

Series Name

Policy Research working paper; PROSPERITY;