Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity

Working Paper No. 12/200

Nopic
This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government direct transfers. A key assumption is that... READ MORE...

Publication date: August 2012
ISBN 9781475505504
$18.00

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Publication date: August 2012

English