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Transport Infrastructure, City Productivity Growth and Sectoral Reallocation : Evidence from China
Yang, Yang - 2019
This paper examines the impact of highway expansion on aggregate productivity growth andsectoral reallocation between cities in China. To do so, I construct a unique dataset ofbilateral transportation costs between Chinese cities, digitized highway network maps, andfirm-level census. I first...
Persistent link: https://www.econbiz.de/10012895102
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Efficient Energy Investment and Fiscal Adjustment in Senegal
Issoufou, Salifou - 2014
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10013055672
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Pressing the Indian Growth Accelerator : Policy Imperatives
Mohan, Rakesh - 2015
India's real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and infrastructure....
Persistent link: https://www.econbiz.de/10013024439
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Local Government Financing Platforms in China : A Fortune or Misfortune?
Lu, Yinqiu - 2014
China's rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance sheet. This...
Persistent link: https://www.econbiz.de/10013061326
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Public Capital and Output Growth in Portugal : An Empirical Analysis
Ligthart, Jenny E. - 2021
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long-term determinant of output growth. The size of the...
Persistent link: https://www.econbiz.de/10013317961
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Efficiency-Adjusted Public Capital, Capital Grants, and Growth
Crivelli, Ernesto - 2017
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10012948534
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Panama's Growth Prospects : Determinants and Sectoral Perspectives
Beaton, Kimberly - 2017
This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking...
Persistent link: https://www.econbiz.de/10012950400
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Structural Transformation — How Does Thailand Compare?
Klyuev, Vladimir - 2015
Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It … typical for a country at Thailand's level of income. This suggests large potential productivity gains from labor reallocation … across sectors, but that process - which made a significant contribution to Thailand's growth in the past - appears to have …
Persistent link: https://www.econbiz.de/10013024441
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Public Investment in Resource-Abundant Developing Countries
Berg, Andrew - 2013
Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10013089308
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The Investment-Financing-Growth Nexus : The Case of Liberia
Rosales, Manuel - 2013
Liberia is facing large infrastructure gaps and developmental needs that constrain the country's growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10013071367