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 …

public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public …

public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public …

capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of …

What are the long run consequences of planning and providing basic infrastructure in neighborhoods, where people build …, half of which provided infrastructure in previously unpopulated areas (de novo neighborhoods), while the other half …

manufacturing. Finally, we find evidence consistent with the hypothesis that national infrastructure (i.e., transport …-related infrastructure and rail lines) can alleviate the lagging behind of landlocked regions …