Investing in Public Infrastructure (Record no. 81433)
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000 -LEADER | |
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fixed length control field | 02062nam a22003257a 4500 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | ipslib |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 171128t xxu||||| |||| 00| 0 eng d |
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 |
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 |
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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 |