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This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries.

Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especial

This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project ap

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. I

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a