Showing 1 - 10 of 804
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 … in economic growth, a result mainly driven by low-income countries …
Persistent link: https://www.econbiz.de/10014398314
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
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during …, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered …
Persistent link: https://www.econbiz.de/10014412197
Persistent link: https://www.econbiz.de/10009422427
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 quality of public investment, capital grants, and growth in a sample …
Persistent link: https://www.econbiz.de/10011705315
We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and … million of public spending in infrastructure create 3-7 jobs in advanced economies, 10-17 jobs in emerging market economies …
Persistent link: https://www.econbiz.de/10012613477
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often …
Persistent link: https://www.econbiz.de/10012251291
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
Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...
Persistent link: https://www.econbiz.de/10012155114
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