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Delays in Public Goods
Chatterjee, Santanu - 2017
, unanticipated delays in the provision of public capital generate too much consumption and too little private investment relative to … public goods, a social planner allocates more resources to private investment and less to consumption relative to the first …
Persistent link: https://www.econbiz.de/10012961081
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Delays in Public Goods
Chatterjee, Santanu - 2018
, unanticipated delays in the provision of public capital generate too much consumption and too little private investment relative to … public goods, a social planner allocates more resources to private investment and less to consumption relative to the first …
Persistent link: https://www.econbiz.de/10012934762
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Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kuehnel, Johanna - 2021
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
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Fiscal Federalism, Taxation and Grants
Gonzalez-Eiras, Martin - 2016
We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of …
Persistent link: https://www.econbiz.de/10012981295
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Do Re-Election Probabilities Influence Public Investment?
Fiva, Jon H. - 2009
variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10013157849
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Investment Shocks, Tax Evasion and the Consumption Puzzle : A DSGE Analysis with Financial Frictions
Chiarini, Bruno - 2016
explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …
Persistent link: https://www.econbiz.de/10012984510
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Incentive Regulation, Investments and Technological Change
Vogelsang, Ingo - 2021
balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs …
Persistent link: https://www.econbiz.de/10013316240
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Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kuehnel, Johanna - CESifo - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10005196238
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The Employment Effects of Countercyclical Infrastructure Investments
Buchheim, Lukas - 2017
We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level …
Persistent link: https://www.econbiz.de/10012960100
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Steady-State Growth and the Elasticity of Substitution
Irmen, Andreas - 2021
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10013316247