Showing 1 - 10 of 253
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 …
Persistent link: https://www.econbiz.de/10012801569
This paper studies the causal effect of transport infrastructure on the spatial concentration of economic activity …
Persistent link: https://www.econbiz.de/10012226698
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/10010434094
by NGOs and researchers alike. This study investigates the impacts of private forest plantations on local infrastructure … regression model with observations of the size and quality of infrastructure and social services in the villages and with … infrastructure and social services in adjacent villages. The results suggest that large-scale private forest plantations can …
Persistent link: https://www.econbiz.de/10011735970
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/10011638303
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
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 overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...
Persistent link: https://www.econbiz.de/10003850209
Can public infrastructure help regions to mitigate large shocks? We examine how hospital infrastructure contributes to … hospital infrastructure. In contrast, rural areas without adequate infrastructure absorb shocks poorly, and voters punish the … governing parties in the next elections. We conclude that public infrastructure can mitigate large external shocks, especially …
Persistent link: https://www.econbiz.de/10014383771
investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … game may exhibit history dependency; if the initial stock of international infrastructure is smaller (larger) than a … certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two …
Persistent link: https://www.econbiz.de/10012316937
This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...
Persistent link: https://www.econbiz.de/10012601981