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Fiscal Policy and Economic Growth: An Empirical Investigation
Easterly, William; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1994
of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … influenced by the scale of the economy, measured by its population; and third, investment in transport and communication is …
Persistent link: https://www.econbiz.de/10005791535
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Cross-Country Causes and Consequences of the Crisis: An Update
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2010
We update Rose and Spiegel (2009a, b) and search for simple quantitative models of macroeconomic and financial indicators of the "Great Recession" of 2008-09. We use a cross-country approach and examine a number of potential causes that have been found to be successful indicators of crisis...
Persistent link: https://www.econbiz.de/10008550324
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Inflation Targeting and Business Cycle Synchronization
Flood, Robert P; Rose, Andrew K - C.E.P.R. Discussion Papers - 2009
Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global...
Persistent link: https://www.econbiz.de/10004973969
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An Aggregate Model of Output, Inflation and Interest Rates for Industrialised Countries
Beenstock, Michael - C.E.P.R. Discussion Papers - 1987
. The model includes equations for GDP, inflation, interest rates and non-oil commodity prices. GDP and inflation reflect …
Persistent link: https://www.econbiz.de/10005504228
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Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - C.E.P.R. Discussion Papers - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
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A Framework for Cross-Country Comparisons of Public Infrastructure Constraints on Firm Growth
Carlin, Wendy; Schaffer, Mark E; Seabright, Paul - C.E.P.R. Discussion Papers - 2010
estimated from the cross-country data to prioritize public infrastructure investment in their country. Our results indicate that …How should a policy-maker prioritize interventions to improve the public infrastructure with which firms operate and … public input character of physical infrastructure and institutions, and uses an O-ring production function to model the …
Persistent link: https://www.econbiz.de/10008468531
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Joint Ventures as a Commitment Device Against Lobbies
Berardi, Nicoletta; Seabright, Paul - C.E.P.R. Discussion Papers - 2010
, thereby enabling more efficient levels of investment. We present some case study evidence that this rationale for entering … into joint ventures is especially relevant in the context of infrastructure projects in developing countries, though other …
Persistent link: https://www.econbiz.de/10008468544
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Infrastructure and Public Utilities Privatization in Developing Countries
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006
The paper analyses governments’ trade-off between fiscal benefits and consumer surplus in privatization reforms of noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so that public subsidies decline. This benefit for...
Persistent link: https://www.econbiz.de/10005124293
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Where Are the Real Bottlenecks? Evidence from 20,000 Firms in 60 Countries About the Shadow Costs of Constraints to Firm Performance
Carlin, Wendy; Schaffer, Mark E; Seabright, Paul - C.E.P.R. Discussion Papers - 2006
We use data from over 20,000 firms in 60 countries to identify constraints on the growth of firms. We interpret managers’ answers to survey questions on the extent to which various aspects of their external environment inhibit the performance of their firm as measuring the shadow cost of...
Persistent link: https://www.econbiz.de/10005124336
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Public Policies, Regional Inequalities and Growth
Martin, Philippe - C.E.P.R. Discussion Papers - 1998
income between the two regions. An improvement in infrastructure in the poor region has the exact reverse effect. In this …
Persistent link: https://www.econbiz.de/10005136400