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Public Investment in LDC's with Recurrent Cost Constraint: The Kenyan Case

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  • Peter S. Heller

Abstract

I. Introduction, 251. — II. The model, 252. — III. The specification of parameter values for the model in Kenya, 257. — IV. The productivity of public sector investment, 269. — V. Conclusion, 275.

Suggested Citation

  • Peter S. Heller, 1974. "Public Investment in LDC's with Recurrent Cost Constraint: The Kenyan Case," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 251-277.
  • Handle: RePEc:oup:qjecon:v:88:y:1974:i:2:p:251-277.
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    File URL: http://hdl.handle.net/10.2307/1883071
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    Cited by:

    1. Yutaka Arimoto & Hisaki Kono, 2009. "Foreign Aid and Recurrent Cost: Donor Competition, Aid Proliferation, and Budget Support," Review of Development Economics, Wiley Blackwell, vol. 13(2), pages 276-287, May.
    2. André de Montigny & André Martens, 1979. "Planification macroéconomique du développement et coûts d'opération et d'entretien des projets de l'Etat : un essai de simulation," Revue Économique, Programme National Persée, vol. 30(2), pages 281-319.
    3. Christine J. Richmond & Irene Yackovlev & Susan S. Yang, 2013. "Investing Volatile Oil Revenues in Capital-Scarce Economies; An Application to Angola," IMF Working Papers 2013/147, International Monetary Fund.
    4. Cook, Paul, 1986. "Liberalisation in the Context of Industrial Development in LDCs," Manchester Discussion Papers in Development Studies 232631, University of Manchester, School of Economics, International Development Centre.
    5. Christine Richmond & Irene Yackovlev & Shu-Chun S. Yang, 2015. "Investing Volatile Resource Revenues in Capital-Scarce Economies," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 193-221, February.
    6. Agbonyitor, Albert D. K., 1998. "Development expenditures and the local financing constraint," Policy Research Working Paper Series 1907, The World Bank.

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