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Le rôle du capital public dans la croissance des pays en développement au cours des années 80

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  • Sébastien Dessus
  • Rémy Herrera

Abstract

Cette étude analyse les liens entre la croissance et l’investissement public au cours des années 80 à l’aide d’un modèle économétrique d’équations simultanées, estimé sur un échantillon de 28 pays en développement sur onze ans (1981-91). Ce modèle décrit les déterminants de la croissance et de l’investissement public et privé. Le capital public est un facteur positif de la croissance, tout comme le capital humain ou le capital productif privé. Cependant, la formation du stock de capital public a généré des effets d’éviction, au détriment de la constitution du stock de capital productif privé. Nos résultats suggèrent qu’un nombre important des pays de l’échantillon s’est éloigné d’une situation optimale pour la croissance de partage du capital disponible entre les secteurs publics et privés ... This paper analyses the links between growth and public capital for a sample of 28 developing countries over eleven years (1981-91). We estimate a simultaneous equations model to explain the GDP, as well as public and private capital formation. Public, private and human capital are positive and significant factors of growth. Nevertheless, public capital formation has produced crowding-out effects, since the budget constraint was differentiated between public and private sectors. Our results suggest that the majority of the sample countries tended rather to diverge from the optimal allocation of capital — in terms of growth — between public and private sectors ...

Suggested Citation

  • Sébastien Dessus & Rémy Herrera, 1996. "Le rôle du capital public dans la croissance des pays en développement au cours des années 80," OECD Development Centre Working Papers 115, OECD Publishing.
  • Handle: RePEc:oec:devaaa:115-fr
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    File URL: http://dx.doi.org/10.1787/702214631326
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    Cited by:

    1. Jérôme Creel & Francesco Saraceno & Paola Veroni, 2007. "Has the Golden Rule of Public Finance Made a difference in the UK," Sciences Po publications 2007-13, Sciences Po.
    2. Marie-Ange VEGANZONES-VAROUDAKIS, 2000. "Infrastructures, investissement et croissance : un bilan de dix années de recherches," Working Papers 200007, CERDI.
    3. Palakiyèm Kpemoua, 2016. "Analyse de l'impact des infrastructures de transport sur la croissance économique du Togo," Working Papers hal-01389698, HAL.
    4. repec:dau:papers:123456789/4928 is not listed on IDEAS
    5. Causa, Orsetta & Cohen, Daniel, 2006. "Industrial Productivity in 51 Countries, Rich and Poor," CEPR Discussion Papers 5549, C.E.P.R. Discussion Papers.

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