Showing 1 - 10 of 104
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …
Persistent link: https://www.econbiz.de/10012942335
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10012945687
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
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
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …
Persistent link: https://www.econbiz.de/10014356351
on six Latin American countries. Exploiting theheterogeneity in the quality of infrastructure across countries and the … intrinsic variation inthe dependence of sectors on infrastructure, I find that better infrastructure raises growthand investment …. Improved infrastructure could yield large economic benefits. Forexample, if the quality of infrastructure in Colombia increased …
Persistent link: https://www.econbiz.de/10012960573
Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and … the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in … which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the …
Persistent link: https://www.econbiz.de/10012977778
Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some...
Persistent link: https://www.econbiz.de/10013098579
While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic...
Persistent link: https://www.econbiz.de/10013098609
This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first explores the idea, prominent in troubled Eurozone countries, of a "fiscal devaluation": shifting from social contributions to the VAT as a way to mimic a nominal devaluation. Empirical...
Persistent link: https://www.econbiz.de/10013106741