Productiveness and Welfare Implications of Public Infrastructure

Released on by Felix K. Rioja
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  • Productiveness and Welfare Implications of Public Infrastructure Book Detail

  • Author : Felix K. Rioja
  • Release Date : 1999
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 70,70 MB
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Productiveness and Welfare Implications of Public Infrastructure by Felix K. Rioja PDF Summary

Book Description: This paper studies the effects of public infrastructure investment policies. A dynamic general equilibrium model where the effective stock of public infrastructure is an input in production is used to analyze the consequences of changing the share of GDP devoted to public investment. Infrastructure has sizable long-run effects on an economy's GDP. The model is solved numerically using parameters from seven Latin American countries. While these countries may be under-investing in infrastructure, it is also shown that too much public investment can be detrimental.

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Public Infrastructure and Growth

Public Infrastructure and Growth

File Size : 59,59 MB
Total View : 4319 Views
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Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional product