To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents the Long-Term Growth Model Public Capital Extension (LTGM-PC) and accompanying freely downloadable Excel-based tool. It also constructs a new Infrastructure...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/10/09
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Рабочий документ в рамках исследования вопросов политики
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WPS8604
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1
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1
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2018/10/09
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Disclosed
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Assessing the Effect of Public Capital on Growth : An Extension of the World Bank Long-Term Growth Model
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quality of infrastructure
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Официальная версия документа (может содержать подписи, и т.д.)