01658cas a2200241 a 4500 AALejournalIMF001125 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842777 1018-5941 BD-DhAAL BD-DhAAL Ligthart, Jenny. Public Capital and Output Growth in Portugal : An Empirical Analysis / Jenny Ligthart. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long-term determinant of output growth. The size of the estimated production elasticity indicates, in line with studies for other countries, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to, among other things, roads, railways, and airports is more productive than public investment in other major categories. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/011 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/011/001.2000.issue-011-en.xml IMF e-Library