Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on … infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not …

- 1999. Our results suggest that increased public investment during the term in office, as well as a shift in expenditures … towards public investment can improve re-election prospects. On the contrary, election year manipulation via public investment …

Financing productive public capital through distortionary taxes typically creates a trade-off: the optimal investment … is determined as a compromise between efficiency-enhancing public investment and perturbing market efficiency, but is …

The government’s choices of the corporate tax rate and public investment are interdependent. In particular, they both … international tax competition drives the statutory tax rate down from 45% to 30%, public investment is reduced by 0.4% of output at … corporate tax rate and public investment are endogenous. More precisely, a decline of 15% in the corporate tax rate reduces …

It is well recognised that the issue of the social rate of discount applies only to the gains from public investment … that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in … infrastructure and the like do not usually yield direct pecuniary returns to the public exchequer. Instead public capital may be …

faced and their business environment. The business environment includes physical infrastructure, the availability of an …

Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs … region needs to enhance its connectivity through developing transport infrastructure at the national and regional level to … infrastructure will have profound implications on environment and climate change at the national, regional and global levels as well …

This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It … efficiency arises since the efficient distribution of regional infrastructure requires full agglomeration for sufficiently low …