02075cas a2200301 a 4500 AALejournalIMF021658 230101c9999 xx r poo 0 0eng d 18.00 USD 9781513573793 1018-5941 BD-DhAAL BD-DhAAL Moszoro, Marian. The Direct Employment Impact of Public Investment / Marian Moszoro. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (20 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 We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that USD 1 million of public spending in infrastructure create 3-7 jobs in advanced economies, 10-17 jobs in emerging market economies, and 16-30 jobs in low-income developing countries. As a comparison, USD 1 million public spending on R and D yields 5-11 jobs in R and D in OECD countries. Green investment and investment with a larger R and D component deliver higher employment effect. Overall, we estimate that one percent of global GDP in public investment can create more than seven million jobs worldwide through its direct employment effects alone. Mode of access: Internet Foreign Exchange imf Informal Economy imf National Government Expenditures and Related Policies imf Other Public Investment and Capital Stock imf Underground Econom imf IMF Working Papers; Working Paper ; No. 2021/131 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/131/001.2021.issue-131-en.xml IMF e-Library