The political economy of infrastructure investment allocation in the Philippines: an empirical consideration of selected provinces
Date
2002-10
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Abstract
This study develops a model of infrastructure investment allocation that suits the political economy setting in the Philippines. A linear production function established a highly' significant elastic relationship between output and infrastructure investments. The study also puts forth a specification for policy-making in order to capture the factors that influence investment decisions. An investment function suggests that political considerations primarily affect the allocation of funds for national roads across provinces.
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Infrastructure, Urban development, Urban planning, Infrastructure investment, Investment