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Public Capital and Growth

Author

Listed:
  • Mr. Serkan Arslanalp
  • Fabian Bornhorst
  • Mr. Sanjeev Gupta
  • Ms. Elsa Sze

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.

Suggested Citation

  • Mr. Serkan Arslanalp & Fabian Bornhorst & Mr. Sanjeev Gupta & Ms. Elsa Sze, 2010. "Public Capital and Growth," IMF Working Papers 2010/175, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/175
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    References listed on IDEAS

    as
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