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

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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DETAILS

  • Amat Adarov;
    Clements,Benedict;
    Jalles,João Tovar;

  • 2024/10/22

  • Policy Research Working Paper

  • WPS10954

  • 1

  • World,

  • Other,

  • 2024/10/22

  • Disclosed

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

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Citation

Amat Adarov; Clements,Benedict; Jalles,João Tovar.

Revisiting Public Investment Multipliers : Nonlinear Effects of the Business Cycle, Fiscal Space, Efficiency, and Capital Stock (English). Policy Research working paper;PROSPERITY Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099719510222432022

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