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Record Nr. |
UNINA9910155202003321 |
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Titolo |
Former Yugoslav Republic of Macedonia : : Selected Issues |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-5487-7 |
1-4755-5506-7 |
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Descrizione fisica |
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1 online resource (26 pages) : color illustrations, color map |
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Collana |
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IMF Staff Country Reports |
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Soggetti |
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Exports and Imports |
Infrastructure |
Labor |
Public Finance |
National Government Expenditures and Related Policies: Infrastructures |
Other Public Investment and Capital Stock |
International Investment |
Long-term Capital Movements |
Investment |
Capital |
Intangible Capital |
Capacity |
Industry Studies: Transportation and Utilities: General |
Debt |
Debt Management |
Sovereign Debt |
Public finance & taxation |
Finance |
Macroeconomics |
Labour |
income economics |
Foreign direct investment |
Public investment and public-private partnerships (PPP) |
Public investment spending |
Transportation |
Balance of payments |
Expenditure |
National accounts |
Investments, Foreign |
Public-private sector cooperation |
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Public investments |
Saving and investment |
Debts, Public |
Income economics |
Macedonia (Republic) Economic conditions |
North Macedonia, Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This Selected Issues paper quantifies the short- and medium-term growth effects of major ongoing highway and railway projects in the Former Yugoslav Republic of Macedonia. A standard neoclassical growth model is augmented with public capital to capture both demand and supply-side effects of public infrastructure investments. The calibrated model suggests that the four ongoing highway and railway investments of 2–3 percent of GDP annually for 2014–18 are likely to raise the growth rate of real GDP by 0.5 percentage points on average for each year in 2014–20. Enhancing public investment efficiency can increase growth effects up to 0.8 percentage points. |
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