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Nigeria: Towards an Optimal Macroeconomic Management of Public Capital

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  • Ayogo, M.D.

Abstract

This paper develops a framework for making decisions on the type of infrastructure to build and where to build. The Basic intuition is that by deriving the marginal physical products of installed infrastructure, we can prioritize infrastructure investment of the same type among regions, and of different types within a region.

Suggested Citation

  • Ayogo, M.D., 2000. "Nigeria: Towards an Optimal Macroeconomic Management of Public Capital," Papers 104, African Economic Research Consortium.
  • Handle: RePEc:fth:afrirc:104
    as

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    More about this item

    Keywords

    INVESTMENTS ; REGIONAL ECONOMY ; DEVELOPING COUNTRIES;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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