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The Quality of Public Investment

The Quality of Public Investment »

Volume/Issue: 2009/154

Series: IMF Working Papers

Author(s): Shankha Chakraborty , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873016.001

ISBN: 9781451873016

Keywords: Public Capital, private capital, investment spending, public investment spending, increasing returns,

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, spec...