Private costs and public infrastructure : the Mexican case /

Private costs and public infrastructure : the Mexican case /

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Bibliographic Details
Author / Creator:	Murphy, Russell D.
Imprint:	[Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001.
Description:	1 online resource (37 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/01/164 IMF working paper ; WP/01/164.
Subject:	Finance, Public -- Mexico -- Econometric models. Infrastructure (Economics) -- Mexico -- Costs -- Econometric models. Economic stabilization -- Mexico -- Econometric models. Economic stabilization -- Econometric models. Expenditures, Public. Finance, Public -- Econometric models. Mexico -- Appropriations and expenditures -- Econometric models. Mexico.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496699

Hidden Bibliographic Details
Other authors / contributors:	Feltenstein, Andrew. International Monetary Fund. IMF Institute.
ISBN:	1451903197 9781451903195 1462312535 9781462312535 1452724970 9781452724973 1282109510 9781282109513 9786613802408 6613802409
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.
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.
Other form:	Print version: Murphy, Russell D. Private costs and public infrastructure. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001
Standard no.:	10.5089/9781451903195.001

Description
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.
Physical Description:	1 online resource (37 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 36-37).
ISBN:	1451903197 9781451903195 1462312535 9781462312535 1452724970 9781452724973 1282109510 9781282109513 9786613802408 6613802409
ISSN:	2227-8885 ;