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Title Optimal public investment, growth, and consumption: evidence from African countries | ||
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http://arno.unimaas.nl/show.cgi?fid=23832 | ||
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Date 2011 | ||
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Author(s) Fosu, Augustin Kwasi; Getachew, Yoseph Yilma; Ziesemer, Thomas | ||
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Abstract How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these questions, taking the case of SSA countries. It develops and estimates a model that posits a nonlinear relationship between public investment and growth, to determine the growth-maximizing public investment GDP share. It empirically also accounts for the crowding-in and crowding-out effects between public and private investment, with equations estimated separately and simultaneously, using System GMM | ||
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Publisher UNU-MERIT | ||
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Type of publication Research paper | ||
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Format application/pdf | ||
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Source UNU-MERIT working paper series: 2011-051, ISSN 1871-9872 ; vol.2011-051 | ||
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Rights UNU-MERIT, 2011 | ||
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Repository Maastricht - University of Maastricht 
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| Added to C-A: 2011-12-21;09:21:33 |
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