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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10012801569
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Universal high-speed broadband provision : an alternative policy approach
Wolfstetter, Elmar - 2021
Millions of citizens and firms lack access to high speed internet, even though governments pledged to spend huge sums of money to subsidize internet networks. In this paper we review some systematic flaws of present subsidy policies and outline a promising alternative. We propose that...
Persistent link: https://www.econbiz.de/10012506923
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Financing costs and the efficiency of public-private partnerships
Avdiu, Besart; Weichenrieder, Alfons J. - 2020
The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under government management. Due to soft budget constraints of government management, PPPs exert more effort and therefore have a cost advantage in building infrastructure. At the same...
Persistent link: https://www.econbiz.de/10012316973
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Institutional architecture for financing Pan-Asian infrastructure connectivity
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2017
Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically … proposed. This initiative plans to create an economic zone covering Asia, Europe and Africa. To successfully promote and … finance greater physical connectivity, at the pan-Asian, sub-regional and national levels, Asia will require a strong and …
Persistent link: https://www.econbiz.de/10011638303
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Priority roads : the political economy of Africa's interior-to-coast roads
Bonfatti, Roberto; Gu, Yuan; Poelhekke, Steven - 2019
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10011966676
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Trade costs and strategic investment in infrastructure in a dynamic global economy with symmetric countries
Yanase, Akihiko; Long, Ngo Van - 2020
certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two … world economy to escape from a "low development trap." …
Persistent link: https://www.econbiz.de/10012316937
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Asymmetric yardstick competition : traditional procurement versus public-private partnerships
Di Liddo, Giuseppe; Vinella, Annalisa - 2019
We investigate yardstick competition between local jurisdictions in which pure rent-seeking incumbents undertake an identical infrastructure project choosing be- tween two contractual arrangements with different financing profiles, namely traditional procurement (TP) and public-private...
Persistent link: https://www.econbiz.de/10011956309
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Landlockedness and economic development : analyzing subnational panel data and exploring mechanisms
Jetter, Michael; Mösle, Saskia; Stadelmann, David - 2017
This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...
Persistent link: https://www.econbiz.de/10011750132
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Testing, not modelling, the impact of cohesion support : a theoretical framework and some preliminary results for the Spanish regions
Fuente, Ángel de la - 2010
This paper develops a simple model that can be used to estimate the effectiveness of Cohesion expenditure relative to similar but unsubsidized projects, thereby making it possible to explicitly test an important assumption that is often implicit in estimates of the impact of Cohesion policies....
Persistent link: https://www.econbiz.de/10003928834
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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 diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...
Persistent link: https://www.econbiz.de/10010434094