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Book Cover
Author Murphy, Russell D.

Title Private costs and public infrastructure : the Mexican case / Russell D. Murphy, Jr. and Andrew Feltenstein
Published [Washington, D.C.] : International Monetary Fund, IMF Institute, [2001]
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Description 1 online resource (37 pages) : illustrations
Series IMF working paper ; WP/01/164
IMF working paper ; WP/01/164
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
Bibliography Includes bibliographical references (pages 36-37)
Notes 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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Economic stabilization -- Mexico -- Econometric models.
Finance, Public -- Mexico -- Econometric models.
Infrastructure (Economics) -- Mexico -- Costs -- Econometric models.
Mexico -- Appropriations and expenditures -- Econometric models.
Form Electronic book
Author Feltenstein, Andrew.
IMF Institute.
International Monetary Fund.
ISBN 1451903197