Coverart for item
The Resource The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies, Abdul Abiad

The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies, Abdul Abiad

Label
The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies
Title
The Macroeconomic Effects of Public Investment
Title remainder
Evidence from Advanced Economies
Statement of responsibility
Abdul Abiad
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Abiad, Abdul
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
A253 2015 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Furceri, Davide
  • Topalova, Petia
Series statement
IMF Working Paper
Series volume
WP/15/95
http://library.link/vocab/subjectName
  • Capital
  • Debt
  • Demand and Supply
  • Energy and the Macroeconomy
  • Government Policy
  • Growth
  • France
  • Japan
  • United States
Label
The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies, Abdul Abiad
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2015095
Dimensions
unknown
Extent
1 online resource (26 pages)
Form of item
online
Isbn
9781475578874
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475578874.001
Specific material designation
remote
System control number
(IMF)WPIEA2015095
Label
The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies, Abdul Abiad
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2015095
Dimensions
unknown
Extent
1 online resource (26 pages)
Form of item
online
Isbn
9781475578874
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475578874.001
Specific material designation
remote
System control number
(IMF)WPIEA2015095

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