David, Antonio; Zanna, Luis-Felipe; Espinoza, Raphael A.; … - International Monetary Fund (IMF) - 2012
model that explicitly analyzes the links between public investment, economic growth, and debt sustainability. In the model … costs and ensure debt sustainability. More modest increases in public investment would require more feasible increases in … efficiency of investment, the transition period is challenging and exposes the country to increased risk of unsustainable debt …