between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady …-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment …

investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …

private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of … or may not improve economic efficiency …

The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize …

is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …

This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …