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While debt-financed productive public investment raises a country’s debt ratios in the short run, it can also generate higher growth, revenues, and exports, leading over time to lower debt ratios. This...
Document Type: Policy Research Working PaperReport No.: WPS6766Document Date: February 1, 2014Disclosure Status: DisclosedAuthor: Cavalcanti,Carlos B.,Le,Tuan Minh,Marrero,Gustavo Alberto