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Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules
Duarte Bom, P.R.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2011
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
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Output Dynamics, Technology, and Public Investment
Duarte Bom, P.R.; Heijdra, B.J.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2010
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
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Space and Growth
Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Instituut - 2004
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10011256152
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Delivering Access to Safe Drinking Water and Adequate Sanitation in Pakistan
Khan, Faheem Jehangir; Javed, Yaser - East Asian Bureau of Economic Research (EABER) - 2007
Provision of safe drinking water, adequate sanitation and personal hygiene are vital for the sustainable environmental conditions and reducing the incidence of diarrhoea, malaria, trachoma, hepatitis A & B and morbidity levels. Not having access to water and sanitation is a courteous expression...
Persistent link: https://www.econbiz.de/10009365294
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Misspecification in Linear Spatial Regression Models
Florax, Raymond J.G.M.; Nijkamp, Peter - Tinbergen Instituut - 2003
Spatial effects are endemic in models based on spatially referenced data. The increased awareness of the relevance of spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics. Spatial econometrics focuses on the specification and...
Persistent link: https://www.econbiz.de/10011257154
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Regional Population-Employment Dynamics across Different Sectors of the Economy
Graaff, Thomas de; Oort, Frank G. van; Florax, Raymond … - Tinbergen Instituut - 2011
An important subset of the literature on agglomeration externalities hypothesizes thatintrasectoral and intersectoral relations are endogenously determined in models of localand regional economic growth. Remarkably, structural adjustment models describing thespatio-temporal dynamics of...
Persistent link: https://www.econbiz.de/10011257177
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The Impact of Regional Absorptive Capacity on Spatial Knowledge Spillovers
Caragliu, Andrea; Nijkamp, Peter - Tinbergen Instituut - 2008
This discussion paper led to an article in <I>Applied Economics</I> (2012). Volume 44, issue 11, pages 1363-1374.<P> We design a conceptual framework for linking two approaches: the literature on absorptive capacity and the literature on spatial knowledge spillovers. Regions produce new knowledge, but...</p></i>
Persistent link: https://www.econbiz.de/10011257324
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A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent
Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Instituut - 2005
The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …
Persistent link: https://www.econbiz.de/10011255754
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Public Investment in a Small Open Economy
Meijdam, Lex; Heijdra, B.J. - Tilburg University, Center for Economic Research - 1997
We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, employment, and wages in the long run. The impact effects depend critically on whether public capital is modeled...
Persistent link: https://www.econbiz.de/10011092278
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Territorial Capital and Regional Growth: Increasing Returns in Cognitive Knowledge Use
Capello, Roberta; Caragliu, Andrea; Nijkamp, Peter - Tinbergen Instituut - 2009
This discussion paper resulted in an article in <I>Tijdschrift voor Economische en Sociale Geografie</I> (2011). Volume 102(4), pages 385-405.<P> Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong correlation between investments in R&D,...</p></i>
Persistent link: https://www.econbiz.de/10011255574