Hidden Bibliographic Details
| Other authors / contributors: | Feltenstein, Andrew.
International Monetary Fund.
IMF Institute.
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| ISBN: | 1451903197
9781451903195
1462312535
9781462312535
1452724970
9781452724973
1282109510
9781282109513
9786613802408
6613802409
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| Notes: | Includes bibliographical references (pages 36-37).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to the recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks. We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal infrastructure stocks. Our estimates indicate that previous results suggesting a large productive role of public infrastructure capital are not robust. There is little evidence that public infrastructure plays a large role in reducing private sector costs.
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| Other form: | Print version: Murphy, Russell D. Private costs and public infrastructure. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001
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| Standard no.: | 10.5089/9781451903195.001
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