01849cas a2200277 a 4500 AALejournalIMF011300 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463903503 1018-5941 BD-DhAAL BD-DhAAL Gupta, Sanjeev. Efficiency-Adjusted Public Capital and Growth / Sanjeev Gupta, Alvar Kangur, Abdoul Wane, Chris Papageorgiou. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (35 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 This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income share of public capital is larger in middle- than in low-income countries, the opposite is true for the marginal product of public capital. The quality of public investment, as measured by variables capturing the adequacy of project selection and implementation, are statistically significant in explaining variations in economic growth, a result mainly driven by low-income countries. Mode of access: Internet Kangur, Alvar. Papageorgiou, Chris. Wane, Abdoul. IMF Working Papers; Working Paper ; No. 2011/217 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/217/001.2011.issue-217-en.xml IMF e-Library