The direct employment impact of public investment
In: International Journal of Management and Economics, Jg. 60 (2024), Heft 1, S. 59-74
Online
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Zugriff:
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 on infrastructure creates 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 in 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 a higher employment effect. Overall, we estimate that 1% of global GDP in public investment can create more than seven million jobs worldwide through its direct employment effects alone.
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The direct employment impact of public investment
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Autor/in / Beteiligte Person: | Moszoro Marian W. |
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Zeitschrift: | International Journal of Management and Economics, Jg. 60 (2024), Heft 1, S. 59-74 |
Veröffentlichung: | Sciendo, 2024 |
Medientyp: | academicJournal |
ISSN: | 2543-5361 (print) |
DOI: | 10.2478/ijme-2023-0020 |
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