Public Infrastructure and Growth is popular PDF and ePub book, written by Pierre-Richard Agénor in 2006, it is a fantastic choice for those who relish reading online the Children genre. Let's immerse ourselves in this engaging Children book by exploring the summary and details provided below. Remember, Public Infrastructure and Growth can be Read Online from any device for your convenience.
Public Infrastructure and Growth Book PDF Summary
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Detail Book of Public Infrastructure and Growth PDF
- Author : Pierre-Richard Agénor
- Release : 01 July 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Children
- Total Page : 59 pages
- Language : English
- PDF File Size : 16,5 Mb
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