It takes the average reader and 38 minutes to read On the Capacity to Absorb Public Investment: How Much is Too Much? by Daniel Gurara
Assuming a reading speed of 250 words per minute. Learn more
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often leads to inefficient outcomes. This paper rationalizes this outcome looking at the association between cost inflation and public investment in a large sample of road construction projects in developing countries. Consistent with the presence of absorptive capacity constraints, our results show a non-linear U-shaped relationship between public investment and project costs. Unit costs increase once public investment is close to 10% of GDP. This threshold is lower (about 7% of...
On the Capacity to Absorb Public Investment: How Much is Too Much? by Daniel Gurara is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read On the Capacity to Absorb Public Investment: How Much is Too Much? aloud.
On the Capacity to Absorb Public Investment: How Much is Too Much? is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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