Public capital—road, bridges, electricity—can make countries richer by attracting more investment and building economic growth at a time when many are struggling with low growth. Many economists would argue public investment projects in highly efficient countries tend to have a greater impact on growth. New research by IMF economists shows that’s not necessarily the case.
In this podcast listen in to the IMF’s Andy Berg, as he explains how the impact on growth from public investment spending is similar in both high and low-efficiency countries.
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