The Macroeconomic and Distributional Effects of Public Investment in Developing Economies is popular PDF and ePub book, written by Davide Furceri in 2017-10-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Macroeconomic and Distributional Effects of Public Investment in Developing Economies can be Read Online from any device for your convenience.
The Macroeconomic and Distributional Effects of Public Investment in Developing Economies Book PDF Summary
This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and medium term, with an average short-term fiscal multiplier of about 0.2. We find some evidence that the effects are larger: (i) during periods of slack; (ii) in economies operating with fixed exchange rate regimes; (iii) in more closed economies; (iv) in countries with lower public debt; and (v) in countries with higher investment efficiency. Finally, we show that increases in public investment tend to lower income inequality.
Detail Book of The Macroeconomic and Distributional Effects of Public Investment in Developing Economies PDF
- Author : Davide Furceri
- Release : 20 October 2017
- Publisher : International Monetary Fund
- ISBN : 9781484320709
- Genre : Business & Economics
- Total Page : 39 pages
- Language : English
- PDF File Size : 11,6 Mb
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