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Public Capital and Growth

Mr.Serkan ArslanalpFabian BornhorstMr.Sanjeev GuptaMs.Elsa Sze

出版	International Monetary Fund, 2010-07-01
主題	Business & Economics / Public FinanceBusiness & Economics / Investments & Securities / StocksBusiness & Economics / Investments & Securities / General
ISBN	14552018639781455201860
URL	http://books.google.com.hk/books?id=yJQYEAAAQBAJ&hl=&source=gbs_api
EBook	SAMPLE

註釋

This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.