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Keyword: public investment;
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Jean-Paul Faguet and Fabio Sanchez
The effects of decentralization on public sector outputs is much debated but little agreed upon. This paper compares the remarkable case of Bolivia with the more complex case of Colombia to explore decentralization’s eff...Read more...
Francisco H.G. Ferreira
This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribut...Read more...