TY - BOOK ID - 84541496 TI - Public and Private Investment and the Convergence of Per Capita Incomes in Developing Countries AU - Khan, Mohsin. AU - Kumar, Manmohan. PY - 1993 SN - 1462392407 1455291854 1281600075 145528064X 9786613780768 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Investments: General KW - Labor KW - Macroeconomics KW - Public Finance KW - Demography KW - National Government Expenditures and Related Policies: General KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Aggregate Factor Income Distribution KW - Human Capital KW - Skills KW - Occupational Choice KW - Labor Productivity KW - Demographic Trends, Macroeconomic Effects, and Forecasts KW - Public finance & taxation KW - Labour KW - income economics KW - Population & migration geography KW - Public investment spending KW - Private investment KW - Income KW - Human capital KW - Population growth KW - Public investments KW - Saving and investment KW - Population KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541496 AB - This paper examines the extent to which there has been convergence in real per capita incomes across developing countries during the last two decades. In the analysis particular emphasis is placed on the separate roles played by private and public sector investment in determining both the extent and the speed of convergence. The paper also considers the importance of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical tests are carried out for a large sample of 95 developing countries over the period 1970-90. The results provide support for the notion of differential effects of public and private investment on long-term growth, as well as for the convergence hypothesis. ER -