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Delays in Public Investment Projects
SSRN Electronic Journal, 2021The returns from public investment, especially during periods of scaling up, are often lower than expected. To understand the mechanisms behind this regularity we exploit original information on investment projects obtained from World Bank project reports to document the extent and the drivers of time delays in project implementation.
Raphael Espinoza, Andrea F. Presbitero
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Public investment and intergenerational distribution
Journal of Economic Dynamics and Control, 2002zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Heijdra, BJ, Meijdam, L
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Criteria for Public Investment: A Comment
Journal of Political Economy, 1970In a recent article, Mishan (1967) challenged the validity of the discounting procedure set forth by Marglin (1963) and Feldstein (1964) for evaluating the time streams of benefits and costs generated by public investments. As an alternative, he proposed that the rate of return on private investment, p, be used for discounting purposes.
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Criteria for Public Investment: Comment
Journal of Political Economy, 1972Two countries, Marglina and Mishana, are identical in all respects except for differing institutional constraints on government behavior.1 In Marglina, the government is barred from direct operation of traditionally private production activities (although such processes may be acquired by internal financing within legitimate government enterprises). In
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Criteria for Public Investment: A Reply
Journal of Political Economy, 1970Among the young, a reverence for "received doctrine" is so rare a sentiment that it is only with reluctance I bring myself to reassert the case for iconoclasm, which case, it seems, Oakland (1969) has insufficiently appreciated. The grounds for this judgment are as follows: 1. A minor blemish perhaps,1 but one that is likely to mislead those who do not
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This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU’s budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational nature.
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Public investment, private investment, and inflation
Journal of Economic Dynamics and Control, 1995zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Fiscal decentralization and public investment
2012Decentralisation and Reform in Latin America analyses the process of intergovernmental reform in Latin America in the last two decades and presents a number of emerging issues. These include the impacts of decentralization and the response of countries in the region to challenge such as social cohesion, interregional and interpersonal disparities, the ...
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Challenge, 2008
To mitigate rising unemployment, asks this economist, why not spend money on repairing schools, bridges, and roads? It would create jobs and boost productivity as well. Here are his remarks before a congressional committee.
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To mitigate rising unemployment, asks this economist, why not spend money on repairing schools, bridges, and roads? It would create jobs and boost productivity as well. Here are his remarks before a congressional committee.
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Efficiency of public investment and implications for the optimal level of public investment
2023Jean-Marc Fournier, Fabien Gonguet
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