Public Capital and Growth

Serkan Arslanalp, Fabian Bornhorst, Sanjeev Gupta and Elsa Sze

No 2010/175, IMF Working Papers from International Monetary Fund

Abstract: This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.

Keywords: WP; OECD country; ln g; ln k; ln l; investment rate; public capital (search for similar items in EconPapers)
Pages: 34
Date: 2010-07-01
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Citations: View citations in EconPapers (57)

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