LEADER 04988oam 22011414 450 001 9910165037003321 005 20230809222754.0 010 $a1-4755-7102-X 010 $a1-4755-7106-2 035 $a(CKB)3710000001064739 035 $a(MiAaPQ)EBC4807080 035 $a(IMF)WPIEA2017010 035 $a(EXLCZ)993710000001064739 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aCollect More, Spend Better : $ePublic Investment in Asian Frontier Markets /$fManuk Ghazanchyan, Ricardo Marto, Jiri Jonas, Kaitlyn Douglass 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2017. 215 $a1 online resource (37 pages) $ccolor illustrations, tables, graphs 225 1 $aIMF Working Papers 311 $a1-4755-7089-9 320 $aIncludes bibliographical references. 330 3 $aWe use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt sustainability for three fast-growing Southeast Asian economies: Cambodia, Sri Lanka, and Vietnam. We show that a gradual public investment profile is more favorable than front-loading capital spending because we assume governments are able to gradually learn how to invest more efficiently, accelerating public capital accumulation and therefore growth. We discuss the pros and cons of alternative financing options and identify the financing mix that generates the best macroeconomic outcome. Sometimes overlooked, improving the efficiency of revenue collection over time may ease the burden of fiscal adjustment, achieving higher GDP growth with substantially lower debt-to-GDP ratios, and will help policymakers efficiently meet the challenge of addressing large infrastructure gaps while maintaining debt sustainability. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2017/010 606 $aEconomic development$zDeveloping countries 606 $aDebts, Public$zDeveloping countries 606 $aPublic investments$zDeveloping countries 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aFiscal Policy$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aFiscal and Monetary Policy in Development$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic investment spending$2imf 606 $aPublic investment and public-private partnerships (PPP)$2imf 606 $aPublic debt$2imf 606 $aRevenue administration$2imf 606 $aTax collection$2imf 606 $aExpenditure$2imf 606 $aPublic investments$2imf 606 $aPublic-private sector cooperation$2imf 606 $aDebts, Public$2imf 606 $aRevenue$2imf 606 $aTax administration and procedure$2imf 607 $aSri Lanka$2imf 615 0$aEconomic development 615 0$aDebts, Public 615 0$aPublic investments 615 7$aPublic Finance 615 7$aTaxation 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aFiscal Policy 615 7$aInternational Lending and Debt Problems 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aFiscal and Monetary Policy in Development 615 7$aPublic finance & taxation 615 7$aPublic investment spending 615 7$aPublic investment and public-private partnerships (PPP) 615 7$aPublic debt 615 7$aRevenue administration 615 7$aTax collection 615 7$aExpenditure 615 7$aPublic investments 615 7$aPublic-private sector cooperation 615 7$aDebts, Public 615 7$aRevenue 615 7$aTax administration and procedure 676 $a338.90091724 700 $aGhazanchyan$b Manuk$01451862 701 $aMarto$b Ricardo$01451991 701 $aJonas$b Jiri$0495961 701 $aDouglass$b Kaitlyn$01451992 801 0$bDcWaIMF 906 $aBOOK 912 $a9910165037003321 996 $aCollect More, Spend Better$93653010 997 $aUNINA