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We investigate the resilience of CESEE countries during ECB monetary cycles after the entrance of ten countries to the EU in 2004. Undeniably, these countries have experienced a 'miracle' growth during the 2000s decade. However, several obstacles appeared following the global financial crisis...
Persistent link: https://www.econbiz.de/10015072898
The Inca Empire was the last of a long series of highly developed cultures in pre-colonial South America. It stretched across parts of the current territories of Argentina, Bolivia, Chile, Colombia, Ecuador and the whole of Peru. The Inca Road was its 30,000-kilometer-long transportation system....
Persistent link: https://www.econbiz.de/10012599269
Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …
Persistent link: https://www.econbiz.de/10012479313
Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …
Persistent link: https://www.econbiz.de/10012482505
, consumption levels, infrastructure, literacy or population density through 2002. This finding suggests that local recovery from …
Persistent link: https://www.econbiz.de/10012466717
Real and private-value assets--defined here as the sum of real estate, infrastructure, collectibles, and non …
Persistent link: https://www.econbiz.de/10012496134
We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The …
Persistent link: https://www.econbiz.de/10012473575
In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure …
Persistent link: https://www.econbiz.de/10012474070
Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims … between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …
Persistent link: https://www.econbiz.de/10012474091
The impact of public infrastructure investment on the productive performance of firms has been an important focus of …. However, detailed evaluation of the infrastructure impact is difficult using existing studies which rely on restricted models …, nonproduction and production labor and energy) use of manufacturing firms to evaluate the contribution of infrastructure to firms …
Persistent link: https://www.econbiz.de/10012475001