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Public Investment and Economic Growth in a Three Sector Open Economy With an Infrastructure Constraint

Raul Zelada‐Aprili

Metroeconomica: international review of economics2025https://doi.org/10.1111/meca.12504article
AJG 1ABDC B
Weight
0.44

What the paper says

ABSTRACT This paper presents a structuralist economic model of growth and distribution in an open, three sector economy with an infrastructure constraint and deficient aggregate demand where the government sector captures the rents (in the Ricardian sense) originated in an enclave sector such as an oil/gas or mineral sector. The model seeks to explore the ways by which these constraints determine the growth rate and the distribution of income. The model shows that once the fiscal constraint is overcome ‐ which translates itself into an increase in public investment in infrastructure ‐ and the sectoral supply bottlenecks gradually eased, simultaneous increases in employment, real wages and growth become attainable.

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https://doi.org/https://doi.org/10.1111/meca.12504

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@article{raul2025,
  title        = {{Public Investment and Economic Growth in a Three Sector Open Economy With an Infrastructure Constraint}},
  author       = {Raul Zelada‐Aprili},
  journal      = {Metroeconomica: international review of economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/meca.12504},
}

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Public Investment and Economic Growth in a Three Sector Open Economy With an Infrastructure Constraint

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Evidence weight

0.44

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.57 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.