Investing in Public Infrastructure (Record no. 81433)

000 -LEADER
fixed length control field 02062nam a22003257a 4500
003 - CONTROL NUMBER IDENTIFIER
control field ipslib
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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041 ## - LANGUAGE CODE
Language code of text/sound track or separate title English Language
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Atolia, Manoj
9 (RLIN) 1
245 ## - TITLE STATEMENT
Title Investing in Public Infrastructure
Remainder of title Roads or Schools?
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Washington
Name of publisher, distributor, etc International Monetary Fund
Date of publication, distribution, etc 2017
300 ## - PHYSICAL DESCRIPTION
Extent 44p.
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title IMF Working Paper Series
Number of part/section of a work WP/17/105
9 (RLIN) 1
520 ## - SUMMARY, ETC.
Summary, etc Why do governments in developing economies invest in roads and not enough in schools? In the presence
of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to
economic growth turns out to be central to this decision. Specifically, while costs are front-loaded for both
types of investment, the growth benefits of schools accrue with a delay. To put things in perspective, with
a “big push,” even assuming a large (15 percent) return differential in favor of schools, the government
would still limit the fraction of the investment scale-up going to schools to about a half. Besides debt
aversion, political myopia also turns out to be a crucial determinant of public investment composition. A
“big push,” by accelerating growth outcomes, mitigates myopia—but at the expense of greater risks to
fiscal and debt sustainability. Tied concessional financing and grants can potentially mitigate the adverse
effects of both debt aversion and political myopia.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Education
9 (RLIN) 1
Topical term or geographic name as entry element Public investment
9 (RLIN) 1
Topical term or geographic name as entry element Debt sustainability
9 (RLIN) 1
Topical term or geographic name as entry element Human capital
9 (RLIN) 1
Topical term or geographic name as entry element Political myopia
9 (RLIN) 1
Topical term or geographic name as entry element Debt aversion
9 (RLIN) 1
Topical term or geographic name as entry element Low income developing countries
9 (RLIN) 1
Topical term or geographic name as entry element Developing countries
9 (RLIN) 1
Topical term or geographic name as entry element IMF
9 (RLIN) 1
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Li, Bin Grace
9 (RLIN) 1
Personal name Marto, Ricardo
9 (RLIN) 1
Personal name Melina, Giovanni
9 (RLIN) 1
710 ## - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element IMF
9 (RLIN) 1
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Electronic Media
Holdings
Withdrawn status Lost status Damaged status Not for loan Permanent Location Current Location Shelving location Date acquired Source of acquisition Full call number Date last seen Uniform Resource Identifier Price effective from Koha item type
        Library Library Electronic 2017-11-28 Internet Electronic media 2017-11-28 ftp://ftp.ips.lk/ebooks/IMF/InvestingPublicInfrastructure.pdf 2017-11-28 Electronic Media