IMF paper analyses situation in Togo
A working paper, published by the International Monetary Fund in May, presents an analysis of the public investment scaling-up strategy for Togo. Authors Michal Andrle, Antonio David, Raphael Espinoza, Marshall Mills and Luis-Felipe Zanna, use a dynamic macroeconomic model that explicitly analyses the links between public investment, economic growth and debt sustainability.
The authors find that a very large increase in public investment would have positive macroeconomic effects in the long-run
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