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How Productive is Public Capital? A Meta-Analysis

Bom, Pedro R. D.; Ligthart, Jenny - CESifo - 2008

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a ‘full’ Generalized Least...

Persistent link: https://www.econbiz.de/10005765937

The Long-Run Evolution of Infrastructure Services

Goldsmith, Hugh - CESifo - 2014

This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …

Persistent link: https://www.econbiz.de/10011082831

EU Regional Policy: Vertical Fiscal Externalities and Matching Grants

Fenge, Robert; Wrede, Matthias - CESifo - 2004

Although decision processes at the EU level are highly complex and often require unanimity, explicit side payments among member states are unknown. However, logrolling and redistributive policies are substitutes. This paper considers the EU regional policy as a substitute for explicit side...

Persistent link: https://www.econbiz.de/10005765988

Welfare Benefits of Agglomeration and Worker Heterogeneity

Teulings, Coenraad N.; Ossokina, Ioulia V.; Groot, … - CESifo - 2014

general equilibrium model for the valuation of these effects. The model is estimated using data on transport infrastructure …

Persistent link: https://www.econbiz.de/10010888446

Infrastructure and Inequality: Insights from Incorporating Key Economic Facts about Household Heterogeneity

Klenert, David; Mattauch, Linus; Edenhofer, Ottmar; … - CESifo - 2014

We study the trade-off between equity and growth in the context of tax-financed investment in public capital. Taking into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior, income source and time preference. In contrast to the...

Persistent link: https://www.econbiz.de/10010948809

The Language Effect in International Trade: A Meta-Analysis

Egger, Peter; Lassmann, Andrea - CESifo - 2011

Gravity models of international trade have been frequently applied to estimate the impact of common (official or spoken) language on bilateral trade. This study provides a meta-analysis based on 701 language effects collected from 81 academic articles. On average, a common (official or spoken)...

Persistent link: https://www.econbiz.de/10009399661

The Impact of Fiscal Policy on Profits

Katsimi, Margarita; Sarantides, Vassilis - CESifo - 2009

This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...

Persistent link: https://www.econbiz.de/10008596594

Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior

Mattauch, Linus; Edenhofer, Ottmar; Klenert, David; … - CESifo - 2014

We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...

Persistent link: https://www.econbiz.de/10010754656

Financing Public Capital through Land Rent Taxation: A Macroeconomic Henry George Theorem

Mattauch, Linus; Siegmeier, Jan; Edenhofer, Ottmar; … - CESifo - 2013

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 never socially optimal. In contrast, such a trade-off can...

Persistent link: https://www.econbiz.de/10010668468

Going NUTS: The Effect of EU Structural Funds on Regional Performance

Becker, Sascha O.; Egger, Peter; Ehrlich, Maximilian Von; … - CESifo - 2008

The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for structural funds transfers from the central EU budget....

Persistent link: https://www.econbiz.de/10005766292