Rabah, AREZKI; Arnaud, DUPUY; Alan, GELB - Luxembourg Institute of Socio-Economic Research … - 2013
the associated administrative capacity as well as government direct transfers. A key assumption is that those adjustment …, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher … weaker administrative capacity. We further extend our basic model to allow for “investing in investing” — that is public …