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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L. - 2008
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/10014401381
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The spending challenge of achieving the SDGs in South Asia : lessons from India
García-Escribano, Mercedes; Tewodaj Mogues; Moszoro, … - 2021
South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong...
Persistent link: https://www.econbiz.de/10012794911
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Scaling up quality infrastructure investment in South Asia
Bizimana, Olivier; Jaramillo Echeverri, Laura; Thomas, Saji - 2021
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
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Now or later? : the political economy of public investment in democracies
Gupta, Sanjeev; Liu, Estelle; Mulas Granados, Carlos - 2015
This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...
Persistent link: https://www.econbiz.de/10011373913
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A governance dividend for Sub-Saharan Africa?
Hammadi, Amine; Mills, Marshall; Souza Sobrinho, Nelson … - 2019
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives. It...
Persistent link: https://www.econbiz.de/10012001456
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Do resource windfalls improve the standard of living in Sub-Saharan African countries? : evidence from a panel of countries
Lee, Munseob; Gueye, Cheikh - 2015
Persistent link: https://www.econbiz.de/10011281165
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Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? : Evidence from a Panel of Countries
Lee, Munseob - 2015
We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the...
Persistent link: https://www.econbiz.de/10014412130
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Governance and Fund Management in the Chinese Pension System
Hu, Yu-Wei - 2009
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...
Persistent link: https://www.econbiz.de/10014402256
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The Challenge of Reforming Budgetary Institutions in Developing Countries
Allen, Richard - 2009
The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass North''s prediction?which is supported by available data?that institutional reform is...
Persistent link: https://www.econbiz.de/10014402502
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Corruption, Growth, and Public Finances
Tanzi, Vito - 2000
The paper discusses some channels through which corruption affects growth such as the impact of corruption on enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public finance
Persistent link: https://www.econbiz.de/10014403515