THE STATE
The Macroeconomic Effects of Public Investment: Evidence from Advanced Economies
Abiad, Furceri and Topalova find that increased public infrastructure investment raises output in both the short and long term, particularly during periods of economic weakness. With borrowing costs low, countries with infrastructure needs should boost spending.
BY
MARC ADAMPUBLISHED
1. NOVEMBER 2019READING TIME
1 MIN.Abiad, Furceri and Topalova find that increased public infrastructure investment raises output in both the short and long term, particularly during periods of economic weakness. With borrowing costs low, countries with infrastructure needs should boost spending.
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