Showing 1 - 10 of 109
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 …
Persistent link: https://www.econbiz.de/10005013038
This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...
Persistent link: https://www.econbiz.de/10010877634
This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...
Persistent link: https://www.econbiz.de/10009320778
At borders where rich and poor countries meet, services prices differ hugely. In principle, price differentials could be exploited to mutual benefit, offering improved job opportunities to the poor as well as better shopping opportunities to the rich. However, cross-border shopping is often...
Persistent link: https://www.econbiz.de/10005765854
This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of …-difference estimates show that local deregulation increases local investment in infrastructure by both the incumbent and competitors. …
Persistent link: https://www.econbiz.de/10010877989
This paper estimates the returns to household income due to improved access to electricity in rural India. We examine the effect of connecting a household to the grid and of the quality of electricity, defined as hours of daily supply. The analysis is based on two rounds of a representative...
Persistent link: https://www.econbiz.de/10010877886
faced and their business environment. The business environment includes physical infrastructure, the availability of an …
Persistent link: https://www.econbiz.de/10010877887
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 …
Persistent link: https://www.econbiz.de/10009224872
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
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 …
Persistent link: https://www.econbiz.de/10005094290