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Efficiency-adjusted public capital, capital grants, and growth
Crivelli, Ernesto - 2017
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
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Financial Development, the Structure of Capital Markets, and the Global Digital Divide
Yartey, Charles Amo - 2006
This paper examines the role of financial development and financial structure in explaining cross-country diffusion of information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990-2003, the paper finds that credit and stock market...
Persistent link: https://www.econbiz.de/10014400273
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On the substitution of private and public capital in production
An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012154588
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Infrastructure Aid, Deindustrialization, and Welfare
Choi, Eun Kwan - 2005
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
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Private Costs and Public Infrastructure : The Mexican Case
Murphy, Russell D. - 2001
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
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Public Capital and Growth
Arslanalp, Serkan - 2010
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to...
Persistent link: https://www.econbiz.de/10014412197
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Employment protection and business cycles in emerging economies
Lama C., Ruy; Urrutia, Carlos - 2011
Persistent link: https://www.econbiz.de/10009419787
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Robust optimal macroprudential policy
Montamat, Giselle; Roch, Francisco - 2021
We consider how fear of model misspecification on the part of the planner and/or the households affects welfare gains from optimal macroprudential taxes in an economy with occasionally binding collateral constraints as in Bianchi (2011). On the one hand, there exist welfare gains from...
Persistent link: https://www.econbiz.de/10012518751
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Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
Blanchard, Olivier - 2015
output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …
Persistent link: https://www.econbiz.de/10012418076
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International trade and corporate market power
Gonzalez-Garcia, Jesus; Yang, Yuanchen - 2020
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347