Hidden Bibliographic Details
| Other authors / contributors: | Tervala, Juha, author.
International Monetary Fund. Regional Office for Asia and the Pacific, issuing body.
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| ISBN: | 1475516673
9781475516678
9781475516678
1513544365
9781513544366
1513544489
9781513544489
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| Notes: | "February 2016."
"Regional Office for Asia and the Pacific."
Includes bibliographical references (pages 25-27).
Online resource; title from pdf title page (IMF.org Web site, viewed March 7, 2016).
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| Summary: | We analyze the welfare multipliers of public spending (the consumption equivalent change in welfare for one dollar change in public spending) in a DSGE model. The welfare multipliers of public infrastructure investment are positive if infrastructure is sufficiently effective. When the medium-term output multipliers are consistent with the empirical estimates (1-1.4), the welfare multiplier is 0.8. That is, a dollar spent by the government for investment raises domestic welfare by equivalent of 0.8 dollars of private consumption. This suggests that the welfare gains of public infrastructure investment, if chosen wisely, may be substantial. --Abstract.
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| Other form: | Print Version: Ganelli, Giovanni. Welfare Multiplier of Public Infrastructure Investment. Washington, D.C. : International Monetary Fund, 2016 9781475516678
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| Standard no.: | 10.5089/9781475516678.001
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