Public Investment and Public-Private Partnerships

Bernardin Akitoby, Gerd Schwartz and Richard Hemming

No 2007/002, IMF Economic Issues from International Monetary Fund

Abstract: Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?

Keywords: EI; investment; government; Managing Fiscal Risks in PPPs; infrastructure investment; government balance sheet; expenditure measure; government budget document; PE investment; government statistics; Ghanaian authorities; Public investment and public-private partnerships (PPP); Public investment spending; Infrastructure; Baltics; Europe (search for similar items in EconPapers)
Pages: 24
Date: 2007-03-21
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Citations: View citations in EconPapers (7)

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