Narrow search
Showing 1 - 10 of 195
Cover Image
How Productive is Public Capital? A Meta-Analysis
Bom, Pedro; Ligthart, Jenny E. - 2021
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/10013316601
Cover Image
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
Cover Image
Infrastructure and Inequality : Insights from Incorporating Key Economic Facts About Household Heterogeneity
Klenert, David - 2014
We study the trade-off between equity and growth in the context of tax-financed investment in public capital. Taking into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior, income source and time preference. In contrast to the...
Persistent link: https://www.econbiz.de/10013046059
Cover Image
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
Cover Image
The Persistent Effects of Place-Based Policy : Evidence from the West-German Zonenrandgebiet
von Ehrlich, Maximilian - 2015
Using a natural experiment from Germany, we show that temporary place-based subsidies generate persistent effects on economic density. We identify employment and capital formation as main channels for higher income per square kilometer. As the spatial regression discontinuity design allows us to...
Persistent link: https://www.econbiz.de/10013021421
Cover Image
Highways, Market Access, and Spatial Sorting
Fretz, Stephan - 2018
We design a spatial model featuring workers embodied with heterogeneous skills. In equilibrium, locations with improved market access become relatively more attractive to the high-skilled, high-income earners. We then empirically analyze the effects of the construction of the Swiss highway...
Persistent link: https://www.econbiz.de/10012929259
Cover Image
Landlockedness and Economic Development : Analyzing Subnational Panel Data and Exploring Mechanisms
Jetter, Michael - 2018
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 …
Persistent link: https://www.econbiz.de/10012930611
Cover Image
Railways and the Productivity Gap in Italy : Persistence and Divergence after Unification
Pontarollo, Nicola - 2015
same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial … Economic Geography according to which infrastructure lead to a widening of territorial disparities …
Persistent link: https://www.econbiz.de/10013018702
Cover Image
How Productive is Public Capital? A Meta-Analysis
Bom, Pedro R. D.; Ligthart, Jenny - CESifo - 2008
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
Cover Image
The Long-Run Evolution of Infrastructure Services
Goldsmith, Hugh - CESifo - 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/10011082831