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Book Cover
E-book
Author Ligthart, Johanna Elisabeth, author.

Title Public capital and output growth in Portugal : an empirical analysis / prepared by Jenny E. Ligthart
Published [Washington, D.C.] : International Monetary Fund, European I Department, 2000
©2000

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Description 1 online resource (37 pages) : illustrations
Series IMF working paper ; WP/00/11
IMF working paper ; WP/00/11.
Summary Since Portugal joined the European Union (EU) in 1986, it has received on average 3.3 percent of GDP in transfers per annum from the EU. These transfers-primarily designed to promote infrastructure investment, human capital accumulation, and private investment-boosted the expansion of public investment (including capital transfers) from 4.8 percent of GDP in 1986 to 6.3 percent of GDP in 1998. As a result, gross public capital formation in Portugal (as a share of GDP) is currently the second highest in the EU area (see Figure 1). On average, the real value of the public capital stock grew by 5.1 percent during 1986-95, which is considerably above that of the United States (2.1 percent) but below that of Spain (see Table 1). However, the highest average change in the real value of the Portuguese capital stock was recorded during the 1974-85 period, just after the shift in the political regime,2 indicating that even before joining the EU a substantial share of resources was devoted to public capital accumulation
Bibliography Includes bibliographical references (pages 19-20)
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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Public investments -- Portugal -- Econometric models
Infrastructure (Economics) -- Portugal -- Finance -- Econometric models
Production functions (Economic theory) -- Econometric models
Cointegration -- Portugal -- Econometric models
Causation -- Econometric models
Infrastructure (Economics) -- Portugal -- Econometric models
Infrastructure (Economics) -- Econometric models
Production functions (Economic theory) -- Econometric models
Public investments -- Econometric models
Portugal
Form Electronic book
Author International Monetary Fund. European I Department, issuing body.
ISBN 1451890923
9781451890921
1281603961
9781281603968
1462308724
9781462308729
1452795711
9781452795713
9786613784650
6613784656
9781451842777
1451842775
ISSN 2227-8885