1945

Public investments and human investments: Rethinking macroeconomic relationships from a gender perspective

Investment maintains and expands the productive capacity of an economy. It helps ensure that there are adequate opportunities for paid employment and supports sustained increases in living standards over time. For these reasons, maintaining adequate levels of investment is a core objective of macroeconomic policy and has a direct impact on an economy’s growth path. Although macroeconomic theory frequently associates investment only with private businesses, the public sector and household sector are critical to maintaining an economy’s productive capacity in the long run. Routinely ignoring these contributions impoverishes options for macroeconomic policy.

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