Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …

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 … reflect the co-variability between the return from public investment and that of the market, we are led to measuring the risk …

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 …

- 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 …

operandi to analyze the time series characteristics of interest rates and to test for common features. We conduct cointegration …

. These two effects are testedagainst each other in a cointegration analysis for Japan and the US from 1957 until 1997. Income …