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Private Costs and Public Infrastructure : The Mexican Case / Russell Murphy, Andrew Feltenstein.
- Format:
- Book
- Government document
- Author/Creator:
- Murphy, Russell.
- Series:
- IMF Working Papers; Working Paper ; No. 2001/164
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (35 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2001.
- Language Note:
- English
- Summary:
- One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to the recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks.We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal infrastructure stocks. Our estimates indicate that previous results suggesting a large productive role of public infrastructure capital are not robust. There is little evidence that public infrastructure plays a large role in reducing private sector costs.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613802408
- 9781462312535
- 1462312535
- 9781452724973
- 1452724970
- 9781282109513
- 1282109510
- 9781451903195
- 1451903197
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