in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and …

instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …

covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income …Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions … distribution. It finds that better infrastructure, both quality and quantity, promotes income equality, while the link between …

reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these …

around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education …

cointegration techniques. The application of cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio …

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making … explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … external balance. Well-executed high-yielding public investment programs can substantially raise output and consumption and be …