Showing 1 - 10 of 491
As an incentive to increase high-impact investment and boost growth, the German Federal Government is planning to … for green and digital capital spending, turbo-charging green growth ambitions. However, with the temporary measure set to …
Persistent link: https://www.econbiz.de/10013285588
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … occurred over time, supporting a new growth model with a reduced role of the state, and these shifts appear driven more by …
Persistent link: https://www.econbiz.de/10011657882
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … same time, the relative size of foreign investment in China has become negligible and the China growth story thus has …
Persistent link: https://www.econbiz.de/10011659322
We study the trade-off between equity and growth in the context of tax-financed investment in public capital. Taking … results are valid for both, the case of endogenous growth and the case of steady state convergence and do not require the …
Persistent link: https://www.econbiz.de/10010412378
investment in infrastructure. -- Natural resource revenue ; windfall public revenues ; risk premium on foreign debt ; public … infrastructure ; private investment ; credit constraints ; optimal fiscal policy ; debt management ; Sovereign Wealth Fund ; asset …
Persistent link: https://www.econbiz.de/10003813611
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on … infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not …
Persistent link: https://www.econbiz.de/10003857148
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014284676
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/10011750132
country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417