Edward Conard

Top Ten New York Times Bestselling Author

  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
Upside of Inequality Unintended Consequences Oxford
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Edward Conard

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IMF

New IMF Study Casts Doubts on the Value of Increased Infrastructure Spending

A study published recently by the International Monetary Fund, "Public Investment as an Engine of Growth," examines the impact of accelerated infrastructure investment on growth and productivity in “126 lower- and middle-income countries.” It finds “no robust evidence that the investment booms exerted a long-term positive impact on the level of GDP.” It does find some evidence, that spending increases GDP at the time of expenditure, albeit “probably very little,” but the ... Read More


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