Preview: The Tyranny of Concepts : CUDIE (Cumulated, Depreciated Investment Effort) is NOT capital

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The Tyranny of Concepts : CUDIE (Cumulated, Depreciated Investment Effort) is NOT capital

The cost of public investment is not the value of public capital. Unlike for private investors, there is no remotely plausible behavioral model of the government as investor that suggests that every dollar the public sector spends as "investme...

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Bibliographic Details
Main Author:	Pritchett, Lant
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ACTUAL COSTS AGENCY PROBLEMS ASSETS CAPACITY UTILIZATION CAPITAL EMPLOYED CAPITAL GOODS COMMODITY PRICES COST MINIMIZATION COST OF CAPITAL DEFLATION DEPRECIATION OF ASSETS DEVELOPED COUNTRIES DISCLOSURE DISCOUNT RATES ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPIRICAL STUDIES EXCHANGE RATE EXPECTED VALUE GDP INCOME INFLATION INVENTORY INVESTMENT SPENDING MARGINAL PRODUCT MINES MONOPOLIES NATIONAL ACCOUNTING PRICE DIFFERENCES PRIVATE GOODS PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PROFITABILITY PUBLIC ENTERPRISES PUBLIC GOODS TAX COLLECTION TELECOMMUNICATIONS TERMS OF TRADE TIME SERIES TOTALITARIAN REGIMES VALUATION VOTERS WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2000/05/437638/tyranny-concepts-cudie-cumulated-depreciated-investment-effort-not-capital http://hdl.handle.net/10986/18846