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Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity

✍ Scribed by Carolina Manzano; Xavier Vives

Book ID
113723164
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
517 KB
Volume
47
Category
Article
ISSN
0304-4068

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## Abstract The paper attempts to address the issue of complementarity and substitutability of state capital to private sector investment activities in a neoclassical growth framework. It employs a co‐integrated vector autoregressive model to account for potential endogeneity and nonstationarity pr