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Do Re-Election Probabilities Influence Public Investment?

Fiva, Jon H. - 2009

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

Corporate Tax Competition and the Decline of Public Investment

Gomes, Pedro - 2008

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/10012770445

Institutional Architecture for Financing Pan-Asian Infrastructure Connectivity

Bhattacharyay, Biswa N. - 2017

trade-driven growth through increased intraregional infrastructure connectivity and regional economic integration. In 1992 … connectivity as well as infrastructure financing needs in Asia. It also examines the nature and characteristics of existing and new … an institutional architecture consisting of new “Asian Infrastructure Coordination Facility (AICF)” involving major …

Persistent link: https://www.econbiz.de/10012956801

Infrastructure Investment in Network Industries : The Role of Incentive Regulation and Regulatory Independence

Égert, Balázs - 2009

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...

Persistent link: https://www.econbiz.de/10013160048

Infrastructure and Growth : Empirical Evidence

Égert, Balázs - 2009

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 … from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on …

Persistent link: https://www.econbiz.de/10012764448

The Long-Run Evolution of Infrastructure Services

Goldsmith, Hugh - 2014

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

Public Investment and Re-Election Prospects in Developed Countries

Katsimi, Margarita - 2011

A growing literature suggests that office motivated politicians manipulate fiscal policy instruments in order to seek their re-election. This paper investigates the impact of electoral manipulation of the level and composition of fiscal policy on incumbent's re-election prospects. This impact is...

Persistent link: https://www.econbiz.de/10013120568

Do Elections Affect the Composition of Fiscal Policy?

Katsimi, Margarita - 2010

This paper investigates the impact of elections on the level and composition of fiscal instruments using a sample of 19 high-income OECD countries that can be characterized as developed, established democracies during the period 1972-1999. We find that elections shift public spending towards...

Persistent link: https://www.econbiz.de/10013148789

Public Investment When Capital is Back - Distributional Effects of Heterogeneous Saving Behavior

Mattauch, Linus - 2014

We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...

Persistent link: https://www.econbiz.de/10013055386

Financing Public Capital Through Land Rent Taxation : A Macroeconomic Henry George Theorem

Mattauch, Linus; Siegmeier, Jan; Edenhofer, Ottmar; … - 2021

Financing productive public capital through distortionary taxes typically creates a trade-off: the optimal investment is determined as a compromise between efficiency-enhancing public investment and perturbing market efficiency, but is never socially optimal. In contrast, such a trade-off can...

Persistent link: https://www.econbiz.de/10013315757