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Author: | Gramlich, E. |
Title: | Infrastructure investment: a review essay |
Journal: | Journal of Economic Literature
1994 : SEP, VOL. 32:3, p. 1176-1196 |
Index terms: | INVESTMENT REVIEW ECONOMICS |
Language: | eng |
Abstract: | Economists try not to be faddists but they often cannot help themselves. While work on a topic should mirror the prospective importance of the topic, that situation seems to occur with disappointing frequency. Instead, the usual pattern is that some reasonably important topic will be totally ignored for the longest time, then recognized, and then the subject of a flurry of work all out of proportion to its likely long run importance. The author asks the following question: Is the country doing something wrong? And if so, what? |
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