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Explain how getting right price affected the market for promoting development.
Getting prices right implies:
• Abolishing price controls as well as subsides on fundamentals. Higher prices which deny the very poor access to essentials as like clean water and electricity.
• Privatisation which can result into potential windfall profits to wealthy domestic as well as foreign speculators
• Deregulation which weakens the rules which defend consumers and workers from exploitation and causes environmental through unchecked negative externalities damage.
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Marris'' Model OF MAXIMISING POLICY
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suppose that you have 150 observations on production and investment and you have estimated the following ADL(3,2)model;
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