01826cas a2200241 a 4500 AALejournalIMF016663 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513515113 1018-5941 BD-DhAAL BD-DhAAL Komatsuzaki, Takuji. Improving Public Infrastructure in the Philippines / Takuji Komatsuzaki. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (24 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 explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and (iii) deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/039 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/039/001.2016.issue-039-en.xml IMF e-Library