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properties-can be obtained here even with lump-sum taxes. We also examine the welfare implications of public investment policies …
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growth. However, local government investment (capital outlay) and the percent of spending devoted to highways both had a …
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productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into … neoclassical growth theory, and to identify the major determinants of differences in the productivity of investment using the …A country's growth of output is identically equal to its ratio of investment to output and the productivity of …
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