Showing 1 - 10 of 347
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel … 10 percentage-point increase in broadband penetration raises annual per-capita growth by 0.9-1.5 percentage points …
Persistent link: https://www.econbiz.de/10013116573
-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …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 …
Persistent link: https://www.econbiz.de/10013043210
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … the links between infrastructure and growth and the role of public policies, reports the results on the links with growth … averaging of cross-section growth regressions confirm that infrastructure investment in telecommunications and the electricity …
Persistent link: https://www.econbiz.de/10012764448
transportation infrastructure on economic growth. The study argues that there is an optimal distribution of infrastructure in the … the infrastructure providing facility on economic growth … the population induced productivity improvements and provision of optimal infrastructure in the region will form the two …
Persistent link: https://www.econbiz.de/10014167289
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10013157849
public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public …-best outcome in the canonical model (without delays). The presence of delays also lowers equilibrium growth, and leads to a … diverging growth path relative to that implied by the canonical model. This suggests that delays in public capital provision may …
Persistent link: https://www.econbiz.de/10012961081
public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public …-best outcome in the canonical model (without delays). The presence of delays also lowers equilibrium growth, and leads to a … diverging growth path relative to that implied by the canonical model. This suggests that delays in public capital provision may …
Persistent link: https://www.econbiz.de/10012934762
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/10005765937
faced and their business environment. The business environment includes physical infrastructure, the availability of an …
Persistent link: https://www.econbiz.de/10013100506
Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital requires two novel institutions: a socially...
Persistent link: https://www.econbiz.de/10012992603