Table 13.
Multipliers output growth response to infrastructure investment shock.
Source: Authors’ calculations
| Periods | Step | Multiplier | Cumulative multiplier | Discounted cumulative multiplier |
|---|---|---|---|---|
| 1985─1997 | 1 | 0.1041 | 0.0142 | 0.0132 |
| 3 | 0.0522 | 0.0084 | 0.0047 | |
| 5 | 0.0561 | 0.0256 | 0.0174 | |
| 8 | 0.0510 | 0.0050 | 0.0021 | |
| 1998─2007 | 1 | 0.2149 | 0.0641 | 0.0625 |
| 3 | 0.1807 | 0.0464 | 0.0462 | |
| 5 | 0.3148 | 0.0468 | 0.0363 | |
| 8 | 0.6375 | 0.0335 | 0.0304 | |
| 2008─2015 | 1 | 0.3785 | 0.1894 | 0.1843 |
| 3 | 0.1561 | 1.9012 | 1.8110 | |
| 5 | 0.6691 | 0.3508 | 0.3597 | |
| 8 | 1.0139 | 0.2307 | 0.2324 | |
| 1985─2015 | 1 | 0.0471 | 0.0070 | 0.0067 |
| 3 | 0.0759 | 0.0265 | 0.0222 | |
| 5 | 0.0299 | 0.0488 | 0.0405 | |
| 8 | 0.0680 | 0.0032 | 0.0067 |
* Month(s)