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The Resource The macroeconomic effects of public investment : evidence from advanced economies, prepared by Abdul Abiad, Davide Furceri, and Petia Topalova

The macroeconomic effects of public investment : evidence from advanced economies, prepared by Abdul Abiad, Davide Furceri, and Petia Topalova

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
prepared by Abdul Abiad, Davide Furceri, and Petia Topalova
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.--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Abiad, Abdul
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5 .I58
LC item number
W67 No. 15/95 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Furceri, Davide
  • Topalova, Petia
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/15/95
http://library.link/vocab/subjectName
  • Public investments
  • Infrastructure (Economics)
  • Economic development
  • Crowding out (Economics)
  • Fiscal policy
  • Debts, Public
  • Crowding out (Economics)
  • Debts, Public
  • Economic development
  • Fiscal policy
  • Infrastructure (Economics)
  • Public investments
  • Developed countries
Label
The macroeconomic effects of public investment : evidence from advanced economies, prepared by Abdul Abiad, Davide Furceri, and Petia Topalova
Instantiates
Publication
Copyright
Note
  • "May 2015."
  • "Research Department."
Bibliography note
Includes bibliographical references (pages 23-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
908573626
Extent
1 online resource (26 pages)
Form of item
online
Isbn
9781475514780
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475578874.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)908573626
Label
The macroeconomic effects of public investment : evidence from advanced economies, prepared by Abdul Abiad, Davide Furceri, and Petia Topalova
Publication
Copyright
Note
  • "May 2015."
  • "Research Department."
Bibliography note
Includes bibliographical references (pages 23-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
908573626
Extent
1 online resource (26 pages)
Form of item
online
Isbn
9781475514780
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475578874.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)908573626

Library Locations

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