public deficit, while in the second they are used in cost-reducing public investment in infrastructure. In the latter case …

, the returns vary according to different types of public investment, with education and infrastructure spillovers having …

Transport infrastructure has represented one of the cornerstones of development and cohesion strategies in the European … controversial. This paper revisits the question of to what extent transport infrastructure endowment -- proxied by regional … motorways -- has contributed to regional growth in the EU between 1990 and 2004. It analyses infrastructure in relationship to …

leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both …

productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly … inefficient process of capital formation; a shrinking share of the economy being exposed to international competition; long …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …Many observers have declared the ‘New Economy’ to be an Industrial Revolution even more important than the Second …

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown. …

Dutch economy. It is shown that the Netherlands has gradually fallen behind the rest of northwestern Europe in terms of per … capita income, whereas its labour productivity level -- notably in manufacturing -- remained relatively high. The Dutch … economy is characterized as very capital intensive. The second part of the paper provides a chronological account of post …

As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge … additional resources that flow to high-productivity firms after the reforms. We show that some of these resources do not come … from abroad, but instead from domestic low-productivity firms that are driven out of business as a result of the reforms …