 | Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity Author/Editor: Rabah Arezki, Arnaud Dupuy, Alan H. Gelb. Release Date:August, 2012 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 more...
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