European Parliament Library

The Quality of Public Investment, Shankha Chakraborty, Era Dabla-Norris

Abstract
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the contradictory empirical results on the effects of public investment found in the literature as well as for the role of the quality of public infrastructure investment in creating a gap between rich and poor countries. From a policy perspective, the paper suggests that the link between public investment and growth depends critically on the quality and efficiency of public capital
Table Of Contents
Contents; I. Introduction; Figure 1. Infrastructure Quality vs. Control of Corruption; II. The Environment; III. General Equilibrium; IV. Discussion; A. Micro versus Macro Evidence; Table 1. Effective Output Elasticity of Public Capital; B. Accounting for Income Gaps; Table 2. Ratio of Quality-adjusted Public Capital; Table 3. Steady-State Predictions for Output Gaps; V. Conclusion; Figure 2. Multiple Equilibria in Corruption; References
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (25 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452745022

Library Locations

  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow