Public Investment, Public Finance, and Growth : The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability /
Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O and M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Series: | IMF Working Papers; Working Paper ;
No. 2014/073 |
| Online Access: | Full text available on IMF |