Herrmann, Marco - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 6, pp. 683-705
The huge amount of white elephants in East Germany suggests the search for a statistical figure for an "efficient" level of investment. Following the Mankiw/Romer/Weil (1992) augmented Solow model and the studies of Borensztein/Montiel (1992) and Thimann (1996) and applying the results of a...