This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …

The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under … advantage in building infrastructure. At the same time, hard budget constraints for PPPs introduce a bankruptcy risk and …

positive feedback between early capital market development and investment in infrastructure innovations that lowered system …This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …

components of a country’s infrastructure to access international markets. I provide a framework to jointly estimate the quality … international and internal trade with port and road infrastructure to assess the relative importance of ports versus roads in … are higher than those for roads under the existing Indian infrastructure network, but improvements in ports and roads have …

construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the … infrastructure, its construction is completed at a cost, which increases with the investment at an increasing rate, and is higher if … investment. Once the infrastructure is in place, the firm manages it, taking advantage of the (usual) synergy between …

outline a promising alternative. We propose that governments should treat the broadband infrastructure as a public …

location policy in a (two-country) free trade agreement (FTA). It is shown that national public infrastructure investment has a … characterize national infrastructure policies that aim to maximize national income (net of tax costs) and compare the non …

We study the trade-off between equity and growth in the context of tax-financed investment in public capital. Taking … our model capital tax-financed public investment has even an inequality-reducing effect - thus allowing for Pareto …-improving public investment that decreases inequality. Additionally we find that agents differ in their preferred tax rates. These …

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. …