On implementation delays, marginal costs and price dynamics: A theoretical note with implications for the philippines ¹

• Main Authors: Dacuycuy, Lawrence B., Sauler, Mariel Monica R., Lim, Dickson A.
• Format: text
• Published: Animo Repository 2019
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/988
• Institution: De La Salle University

© 2019 by De La Salle University. It has been known that longer implementation delays in public investments result in sluggish accumulation of public capital. In models in which public capital determines firm productivity, the longer the duration of implementation delays, the higher the marginal cos...