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Resource windfalls, optimal public investment and redistribution : the role of total factor productivity and administrative capacity /

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
Call Number:Libro Electrónico
Main Authors: Arezki, Rabah (Author), Dupuy, Arnaud (Author), Gelb, Alan H. (Author)
Corporate Author: International Monetary Fund. Institute for Capacity Development
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/200.
Subjects:
Online Access:Texto completo