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connectivity as well as infrastructure financing needs in Asia. It also examines the nature and characteristics of existing and new … trade-driven growth through increased intraregional infrastructure connectivity and regional economic integration. In 1992 … finance greater physical connectivity, at the pan-Asian, sub-regional and national levels, Asia will require a strong and …
Persistent link: https://www.econbiz.de/10011657143
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014347019
This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...
Persistent link: https://www.econbiz.de/10013216257
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 …
Persistent link: https://www.econbiz.de/10013307758
faced and their business environment. The business environment includes physical infrastructure, the availability of an …
Persistent link: https://www.econbiz.de/10010288245
Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs … region needs to enhance its connectivity through developing transport infrastructure at the national and regional level to … infrastructure will have profound implications on environment and climate change at the national, regional and global levels as well …
Persistent link: https://www.econbiz.de/10010277414
firm-specific bilateral connections. We find that institutions that enhance investor protection and reduce corruption …
Persistent link: https://www.econbiz.de/10012892039
We develop a model where firms profit from coercing workers into employment under conditions violating national law and international conventions and where bureaucrats benefit from accepting bribes from detected perpetrators. Firms and bureaucrats are heterogeneous. Employers differ in their...
Persistent link: https://www.econbiz.de/10012859047
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012830987
Several papers have proven that the institutional environment of the receiving country can influence the choice to establish an FDI. Property rights theory suggests that contract enforcement matters differentially across sectors. This paper is the first attempt to test whether institutions...
Persistent link: https://www.econbiz.de/10013316890