Coherent Identifier About this item: 20.500.12592/0skf9p

What Have We Learned about the Effectiveness of Infrastructure Investment as a Fiscal Stimulus A Literature Review (English)

6 October 2021

Summary

Since the Great Depression of the 1930s, and through the more recent Asian Crisis of 1997 and Great Recession of 2008/09, governments have experimented with Keynesian style fiscal stimulus to support employment and accelerate economic recovery. The effectiveness of these policies depends on the size of fiscal multipliers. A large body of economic literature has estimated such multipliers, with gradually increasing precision, due to econometric

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economic policy energy demand fixed exchange rate state-owned enterprise energy and mining jobs capital income labor markets capital spending energy and environment fiscal multiplier transport services world public sector development economic adjustment and lending public finance decentralization and poverty reduction macro-fiscal policy energy and extractives macroeconomics and economic growth public sector economics the world region social protections and labor fiscal & monetary policy fiscal stimulus package fiscal stimulus and fiscal rules institutions and governance emerging market economy fiscal spending long-run effect public infrastructure investment transport and energy private investment in infrastructure long-run growth change in government spending percent rate of return composition of government spending marginal cost of production investment in transportation

Disclosure Date
2021/10/06
Disclosure Status
Disclosed
Doc Name
What Have We Learned about the Effectiveness of Infrastructure Investment as a Fiscal Stimulus ? A Literature Review
Originating Unit
Chief Economist Infrastructure (INFCE)
Series Name
Policy Research working paper; no. WPS 9796; COVID-19 (Coronavirus);
Total Volume(s)
1
Unit Owning
Off of Sr VP Dev Econ/Chief Econ (DECVP)
Version Type
Final
Volume No
1

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