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Public–private partnership (PPP) has gained popularity during the market-oriented reforms in China’s urban …
Persistent link: https://www.econbiz.de/10010931268
This paper extends the Ackerberg–Caves–Frazer approach to a nonparametric aggregate production function to address both the endogeneity and the function misspecification issues in estimating the returns to infrastructure and private capital and thus the optimal allocation between them. Based...
Persistent link: https://www.econbiz.de/10010738099