Resource windfalls, optimal public investment and redistribution : the role of total factor productivity and administrative capacity / prepared by Rabah Arezki, Arnaud Dupuy and Alan Gelb.

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...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Authors:	Arezki, Rabah (Author), Dupuy, Arnaud (Author), Gelb, Alan H. (Author)
Corporate Author:	International Monetary Fund. Institute for Capacity Development
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, ©2012.
Series:	IMF working paper ; WP/12/200.
Subjects:	Public investments > Econometric models.