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-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century …
Persistent link: https://www.econbiz.de/10013216257
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure …
Persistent link: https://www.econbiz.de/10013307758
The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a full' Generalized Least...
Persistent link: https://www.econbiz.de/10010275668
We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding …) innovations in public investment have more positive effects on GDP growth and private investment in emerging economies; ii) the … construction investment has a more positive effect on economic growth in emerging economies; iv) innovations in public construction …
Persistent link: https://www.econbiz.de/10014242792
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on … infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not …
Persistent link: https://www.econbiz.de/10010273809
The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of public...
Persistent link: https://www.econbiz.de/10010264426
faced and their business environment. The business environment includes physical infrastructure, the availability of an …
Persistent link: https://www.econbiz.de/10010288245
Reliable supply chains are crucial to the productivity and economic growth of nations. Despite the recognition of its … examine the relative effects of the different aspects of supply chain logistics on economic growth. Placing the empirical … framework in a standard growth model, results show that improvements in the aggregate supply chain logistics performance yield …
Persistent link: https://www.econbiz.de/10012227634
considers how infrastructure investment in large and connecting projects could help to rebalance and sustain growth in the … economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them …. On the supply side, the best way to rebalance growth is to increase productivity in order to raise wage rates and living …
Persistent link: https://www.econbiz.de/10010283611
We define a differential game of public investment with a discontinuous Markovian strategy space. The best response correspondence for the game is well-behaved: a best response exists and uniquely maps almost all profiles of opponents’ strategies back to the strategy space. Our chosen strategy...
Persistent link: https://www.econbiz.de/10014345885