Showing 1 - 10 of 1,597
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
Persistent link: https://www.econbiz.de/10013043210
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel …
Persistent link: https://www.econbiz.de/10013116573
This paper concerns public input provision as an instrument for redistribution under international outsourcing by using a model-economy comprising two countries, North and South, where firms in the North may outsource part of their low-skilled labor intensive production to the South. We consider...
Persistent link: https://www.econbiz.de/10013316274
transportation infrastructure on economic growth. The study argues that there is an optimal distribution of infrastructure in the … the population induced productivity improvements and provision of optimal infrastructure in the region will form the two … data for years 1961-2012 on India, the study examines the role of dense population and transportation infrastructure on …
Persistent link: https://www.econbiz.de/10014167289
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10013076399
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
This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It … efficiency arises since the efficient distribution of regional infrastructure requires full agglomeration for sufficiently low …
Persistent link: https://www.econbiz.de/10012776022
We quantify general equilibrium effects of place-based policies in a multi-region framework with mobility, trade and agglomeration economies. Using detailed data on EU transfers, we infer the local effects of different transfer types on productivity, income and transportation cost. Based on...
Persistent link: https://www.econbiz.de/10012930286
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10013315690
commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs … periodic updating based on rate-of-return regulation criteria. Innovative infrastructure investments may warrant regulatory …
Persistent link: https://www.econbiz.de/10013316240