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Analyzing Economic Growth: What Role for Public Investment?

Journal of Economics Bibliography

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Title Analyzing Economic Growth: What Role for Public Investment?
 
Creator OUKHALLOU, Youssef; Mohammed V University – Rabat, Morocco
President of the Moroccan Organization for Young Decision Makers (OMJD)
 
Subject GDP growth; Public investment; Productivity; Private investment; Development.
E62; H54; O40.
 
Description Abstract. This paper discusses the role of public investment in the determination of output growth from different theoretical and empirical points of view. The light is shed on the factors that allegedly explain the success and/or the failure of public investment policies in enhancing productivity and supporting GDP, based on a review of empirical evidence in advanced and developing economies. The downstream objective is to provide decision makers with a set of general rules-of-thumb that are likely to help them improve the macroeconomic returns of public investment. The latter are found to be significantly influenced by efficiency and profitability-based selectivity of investment projects. Countries with a relatively low capital-labor ratio usually have higher public and private capital profitability, while the public-private investment substitutability increases the likelihood of crowding out effects. The paper also gives hints on the possible existence of an optimal growth-maximizing level of public investment.Keywords. GDP growth, Public investment, Productivity, Private investment, Development.JEL. E62, H54, O40.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2016-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/692
10.1453/jeb.v3i1.692
 
Source Journal of Economics Bibliography; Vol 3, No 1 (2016): March; 71-99
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/692/711
 
Rights Copyright (c) 2016 Journal of Economics Bibliography
http://creativecommons.org/licenses/by-nc/4.0