This paper presents a small-scale intertemporal model of endogenous growth that accounts for the composition of public expenditure and externalities associated with public capital. Government spending is disaggregated into various components, including maintenance, security, and investment in education, health, and core infrastructure. After studying its long-run properties, the model is calibrated for Haiti, using country-specific information as...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2007/12/01
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Рабочий документ в рамках исследования вопросов политики
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WPS4430
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1
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1
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2010/07/01
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Disclosed
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The composition of public expenditure and growth : a small-scale intertemporal model for low-income countries
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public capital
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