It takes the average reader and 48 minutes to read Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration by Mr.Alejandro Izquierdo
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Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear theoretical implication that public investment multipliers should be higher (lower) the lower (higher) is the initial stock of public capital has not, to the best of our knowledge, been tested. This paper tackles this empirical challenge and finds robust evidence in favor of the above hypothesis: countries with...
Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration by Mr.Alejandro Izquierdo is 47 pages long, and a total of 12,079 words.
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