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Public Capital, Growth and Welfare
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Public Capital, Growth and Welfare: Analytical Foundations for Public Policy

Pierre-Richard Agénor

Abstract

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous look at this ... More

Keywords: extreme poverty, developing world, economic efficiency, poor, public infrastructure, public capital, human welfare

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780691155807
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691155807.001.0001

Authors

Affiliations are at time of print publication.

Pierre-Richard Agénor, author
University of Manchester