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 …

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. …

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 …

This paper studies the causal effect of transport infrastructure on the spatial concentration of economic activity …

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 …

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 …

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 …