Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

- 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 …

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 … plausibly argued to lead to increases in factor productivity in the private economy. This paper observes that government …

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 …

productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favour of permanent ones and reduced capital intensity, generating productivity losses. We …

competing theory based on the alternative assumption that quality is exogenous across firms would predict completely opposite …

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …