Showing 1 - 10 of 647
Persistent link: https://www.econbiz.de/10009422427
This paper investigates the deindustrialization and welfare effects of infrastructure aid in developing countries. In … the short run, cost-saving infrastructure aid in the export sector increases the domestic wage rate, whereas the same aid … infrastructure aid. Infrastructure aid in the nontraded sector has no effect on domestic factor prices. Laborsaving infrastructure …
Persistent link: https://www.econbiz.de/10014400615
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...
Persistent link: https://www.econbiz.de/10014398314
Liberia is facing large infrastructure gaps and developmental needs that constrain the country’s growth potential. The … investment in infrastructure and human capital. Fiscal space remains constrained by rigidities in current spending and the …
Persistent link: https://www.econbiz.de/10012667478
South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …
Persistent link: https://www.econbiz.de/10012613693
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/10011705315
industry level, we find that PPP determinants vary across industries depending on the nature of public infrastructure, capital …
Persistent link: https://www.econbiz.de/10014402291
One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a … recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks ….We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal …
Persistent link: https://www.econbiz.de/10014399662
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/10014399668
This paper analyzes the tradeoffs between savings, debt and public investment in the Republic of Congo, a developing country with looming oil exhaustibility concerns. Our results highlight the risks to fiscal and capital sustainability of oil exporting countries from large scaling-up in public...
Persistent link: https://www.econbiz.de/10012503446