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  1. The direct employment impact of public investment
    Author: Moszoro, Marian
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    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 USD 1... more

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    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 USD 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, USD 1 million public spending on R and D yields 5-11 jobs in R and D in OECD countries. Green investment and investment with a larger R and 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

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573793
    Other identifier:
    Series: IMF working paper ; WP/21, 131
    Subjects: Crisis; Public Investment; Infrastructure; Stimulus; Employment; COVID; Recovery; Foreign Exchange; Informal Economy; National Government Expenditures and Related Policies; Other Public Investment and Capital Stock; Underground Econom
    Scope: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  2. The direct employment impact of public investment
    Author: Moszoro, Marian
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    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 USD 1... more

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    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 USD 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, USD 1 million public spending on R and D yields 5-11 jobs in R and D in OECD countries. Green investment and investment with a larger R and 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

     
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