Public Investment in Resource-Abundant Developing Countries

Public Investment in Resource-Abundant Developing Countries

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax mobilization problems. This paper develops a dynamic stochastic model to analyze the macroeconomic effects of investing resource revenues, making explicit the role of public investment inefficiency, absorptive capacity constraints, Dutch d...

Structural Contributors to Public Revenues in Developing Countries

Since 1960s and the following financial crisis in developing countries, a wide research has been conducted on financial capability of states in repayment of their debts. Though having been considered at various importance levels during the past decades, this subject seems to have today become a controversial issue in economic discourses. In principle, three indices are applied to determine the ...

Capital inflows and investment in developing countries

Income distribution and the allocation of public agricultural investment in developing countries∗†

We compare the effects, on rural wages and farmer income, of public investments in either a traditional or a modern agricultural sector. The traditional sector has constant or decreasing returns to scale. Economies of scale that are external to farms in the modern sector create a possible engine for growth. We show that if there are moderate returns to scale in the modern sector, and labor has ...

Human Resource Management in Developing Countries