0 a situation in which less money is spent on something over a long period of time than is needed: --
There was underinvestment and rolling stock was in a chronic state in many instances.
I see also the consequences of underinvestment, sometimes in the form of delays.
The overwhelming picture of our transport system, however, is of a poor-quality infrastructure suffering from chronic underinvestment in all modes of transport.
That funding comes after 25 years of neglect and underinvestment in capital and current spending in the public services.
Cooperation to plan investment at the regional level and internalize regionally a larger share of the externalities is a logical approach to reducing underinvestment in research.
When enforcement is imperfect and (1) binds, this causes > 0, and the well-known underinvestment result follows immediately.
Because an effective supranational judicial system with the authority to enforce contracts is unlikely, we consider policy interventions that mitigate the underinvestment problem.
The burden of fifteen years of underinvestment and restrictions on consumption directed capital towards increased capacity, which became the faster track to normalisation and expansion.
