Escolha ótima de investimento para países em desenvolvimento: teoria racional e tomada de decisão racional

• Autor(a) principal: Leff, Nathaniel H.
• Data de Publicação: 1986
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Estudos Econômicos (São Paulo)
• Texto Completo: https://www.revistas.usp.br/ee/article/view/157306

This paper analyzes a key feature of the conceptual process that governments use for making major investment choices in the developing countries. Both through their direct investment activities and through the special incentives (e.g., credit, foreign exchange, and tax subsidies) they provide, governments typically play a large role in the allocation of investment resources in LDC's. Consequently, the public investment-choice process has significant effects on the efficiency of capital formation and on economic growth in developing countries. Although the feature of the investment choice process on which we focus has important theoretical and practical implications, it has so far received little analytical attention.