This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …

This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …

business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall …

stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …

In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market … evidence that corroborates a declining knowledge diffusion in the economy. We document a higher concentration of patenting in …

economic growth for a 25km radius. Interacting SPC with various infrastructure measures increases the radius to 50km. This … suggests that regional policies which affect density as infrastructure projects should target the 25-50km distance range to …