The Direct Employment Impact of Public Investment PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Direct Employment Impact of Public Investment PDF full book. Access full book title The Direct Employment Impact of Public Investment by Marian Moszoro. Download full books in PDF and EPUB format.

The Direct Employment Impact of Public Investment

The Direct Employment Impact of Public Investment PDF Author: Marian Moszoro
Publisher: International Monetary Fund
ISBN: 1513573799
Category : Business & Economics
Languages : en
Pages : 20

Get Book Here

Book Description
We evaluate the direct employment effect of the public investment in key infrastructure—electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that US$1 million of public spending in infrastructure create 3–7 jobs in advanced economies, 10–17 jobs in emerging market economies, and 16–30 jobs in low-income developing countries. As a comparison, US$1 million public spending on R&D yields 5–11 jobs in R&D in OECD countries. Green investment and investment with a larger R&D component deliver higher employment effect. Overall, we estimate that one percent of global GDP in public investment can create more than seven million jobs worldwide through its direct employment effects alone.