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On Implementation Delays, Marginal Costs and Price Dynamics: A Theoretical Note With Implications for the Philippines

by Daisy Mojares | Feb 8, 2019 | Volume 28 No. 2

Year: 2019 January, Volume 28 No. 2 Pages: 87–103 Abstract: It has been known that longer implementation delays in public investments result in sluggish accumulation of public capital. In models in which public capital determines firm productivity, the longer the...
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