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Assessing the Effect of Public Capital on Growth : An Extension of the World Bank Long-Term Growth Model (English)

To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents the Long-Term Growth Model Public Capital Extension (LTGM-PC) and accompanying freely downloadable Excel-based tool. It also constructs a new Infrastructure...
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Devadas,Sharmila; Pennings,Steven Michael.

Assessing the Effect of Public Capital on Growth : An Extension of the World Bank Long-Term Growth Model (English). Policy Research working paper|no. WPS 8604 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/701811539089110745

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