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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/10015059445
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. The immediate priority is to achieve the kind of fiscal quality and low …
Persistent link: https://www.econbiz.de/10011242441
This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...
Persistent link: https://www.econbiz.de/10012677663
maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …
Persistent link: https://www.econbiz.de/10012677684
infrastructure, public investment, and economic growth, and then goes on to consider the case for additional infrastructure … maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the …
Persistent link: https://www.econbiz.de/10014409074
productivity. The analysis reveals that the link between productivity and bank credit growth is weaker for firms with significant …Capital misallocation is widely thought to be an important factor underpinning productivity and income gaps between … flows of credit to unproductive firms represent important missed growth opportunities for more productive firms. These …
Persistent link: https://www.econbiz.de/10015060465
contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in man …After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s …. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth …
Persistent link: https://www.econbiz.de/10009659894
Persistent link: https://www.econbiz.de/10012691029
Intro -- Contents -- I. INTRODUCTION -- II. THE PARADOX: LOW GROWTH AND HIGH INVESTMENT -- III. THE MISMEASUREMENT … STORY -- IV. LOW PRODUCTIVITY: DOES THE LEVEL OF DEBT MATTER? -- V. HIGH DEBT AND DECLINING PRODUCTIVITY: THE CASE OF …
Persistent link: https://www.econbiz.de/10012691081
-- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF …Intro -- Contents -- I. INTRODUCTION -- II. STRUCTURE OF THE ECONOMY -- III. TRENDS IN GDP AND PER CAPITA GDP GROWTH … PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND CONCLUSIONS -- CALCULATING CAPITAL STOCK -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012691125