This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … millennia, although at times it has been pivotal in bringing innovation, taking risks and driving efficiency. It is argued that … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …

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 …

Does access to information and communication technologies (ICT) increase innovation? We examine this question by …

investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … game may exhibit history dependency; if the initial stock of international infrastructure is smaller (larger) than a … certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two …

might be infrastructure investment. This paper provides a dual profit theoretical framework of measuring the effects of … infrastructure on economic performance in terms of gains in profits, cost savings, as well as in terms of productivity growth … enhancement. In an empirical application, we opt for Mexican industry data. The results show that returns to infrastructure …

The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under … advantage in building infrastructure. At the same time, hard budget constraints for PPPs introduce a bankruptcy risk and …