It takes the average reader and 38 minutes to read Some Misconceptions about Public Investment Efficiency and Growth by Mr.Andrew Berg
Assuming a reading speed of 250 words per minute. Learn more
We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount spent. We show that, in a simple and standard model, increases in public investment spending in inefficient countries do not have a lower impact on growth than in efficient countries, a result confirmed in a simple cross-country regression. This apparently counter-intuitive result, which contrasts with Pritchett (2000) and recent policy analyses, follows directly from the standard assumption that the marginal product of public capital...
Some Misconceptions about Public Investment Efficiency and Growth by Mr.Andrew Berg 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 Some Misconceptions about Public Investment Efficiency and Growth aloud.
Some Misconceptions about Public Investment Efficiency and Growth is suitable for students ages 8 and up.
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