Efficiency-Adjusted Public Capital and Growth
By S. Gupta, Alvar Kangur, C. Papageorgiou, A. Wane. Social Science Research Network, 2011
248 citations recorded by the source corpus.
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship. The paper also examines the effects of four specific stages of the public investment process—appraisal, selection, implementation and evaluation—on capital accumulation and growth. The results show that public capital is a significant contributor to economic growth. The quality of public investment, as measured by variables capturing the adequacy of project selection and implementation, is statistically significant in explaining variations in economic growth, a result mainly driven by low-income countries.
Subfields: Economics and Econometrics, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/07034039c4112fea10f74cd334bf9d40b2fd800c
How researchers see this paper
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In Economics and Econometrics
- A. Kyobe
- Thomas Baunsgaard
- C. Richmond
- Marcos Poplawski-Ribeiro
- Era Dabla‐Norris
- C. Papageorgiou
- Mark F. J. Steel
- L. Pritchett
In Political Science and International Relations
Citations in the corpus
- Fiscal Frameworks for Resource Rich Developing Countries (2012, background): “…226.7 11,829 High … Vietnam (VNM) Oil 14 22 5.7 43.1 3,134 Medium … Yemen (YEM) Oil 82 68 22.0 42.8 2,598 Low 0.8 Zambia (ZMB) Copper 72 4 0.8 26.0 1,512 Low 1.9 Sources: IMF staff estimates; BP 2011 Statistical Review of World Energy ; UNDP Human Development Index; Gupta et al., 2011 Appendix II.”
- Investing in public investment: an index of public investment efficiency (2012, methodology): “Gupta et al. (2011) applies the approach outlined in Pritchett (2000) and construct an adjusted public capital stock series.”