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Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment

Leduc, Sylvain; Wilson, Daniel - National Bureau of Economic Research (NBER) - 2012

We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of...

Persistent link: https://www.econbiz.de/10011271401

Spatio-temporal Analysis of Regional Systems: A Multiregional Spatial Vector Autoregressive Model for Spain

RAMAJO, JULIAN; MARQUEZ, MIGUEL A.; HEWINGS, GEOFFREY J.D. - European Regional Science Association - 2013

This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...

Persistent link: https://www.econbiz.de/10010740435

Incentives and Outcomes: China's Environmental Policy

Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013

In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...

Persistent link: https://www.econbiz.de/10010950924

Theory and empirics of horizontal and spatial integration of local communal services

Czako, Katalin; Poreisz, Veronika - European Regional Science Association - 2013

There are three parts of our paper. Firstly, it gives an overview about the goals and factors which affect the integration of local communal services. Horizontal integration means joining the various individual service providers, such as water supply and sewage, communal waste, district heating,...

Persistent link: https://www.econbiz.de/10011145512

Interregional Inequality and Federal Expenditures and Transfers in Russia

Torbenko, Alexander - European Regional Science Association - 2014

The paper considers the influence of federal government expenditures and transfers on interregional convergence in … period in Russian regions there existed un- conditional beta-convergence, poor regions grew faster than rich ones. This …. Comparing our results to the results of previous research the process of interregional convergence in Russia can be seen. In the …

Persistent link: https://www.econbiz.de/10011075963

Government Investment and Fiscal Stimulus in the Short and Long Runs

Leeper, Eric; Walker, Todd B.; Yang, Shu-Chun Susan - National Bureau of Economic Research (NBER) - 2009

This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment:...

Persistent link: https://www.econbiz.de/10005040613

Infrastructure in a Structural Model of Economic Growth

Holtz-Eakin, Douglas; Schwartz, Amy Ellen - National Bureau of Economic Research (NBER) - 1994

Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...

Persistent link: https://www.econbiz.de/10005720230

Government Investment and the European Stability and Growth Pact

Bassetto, Marco; Lepetyuk, Vadym - National Bureau of Economic Research (NBER) - 2007

We consider the effect of excluding government investment from the deficit subject to the limits of the European Stability and Growth Pact. In the model we consider, residents of a given country discount future costs and benefits of government spending more than efficiency would dictate, because...

Persistent link: https://www.econbiz.de/10005050229

After Crisis Scenarios for CEECs: A simulation through the MASST3 model

Capello, Roberta; Caragliu, Andrea - European Regional Science Association - 2014

social cohesion scenario displays less effectiveness in fostering convergence processes. These results may drive future …

Persistent link: https://www.econbiz.de/10011075886

Economic growth outlooks in sub-federal development strategies: prospects and constraints

Melnikova, Larisa - European Regional Science Association - 2014

Inconsistencies in targeting and forecasting during the process of strategic planning in regions?subjects of Russian federation is atopic of the paper presented. It presents the results of analysis of regional strategies of long-term socio-economic development performed for federal subjects of...

Persistent link: https://www.econbiz.de/10011076049

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