Showing 1 - 10 of 149
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10013057463
This paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We … trigger migration flows. In the former equilibrium, all jurisdictions have the same public investment level. In the latter one …, public investment is high in host economies of skilled expatriates and low in source economies. We empirically test the …
Persistent link: https://www.econbiz.de/10013104932
We identify regional public investment priorities by studying the development of the water pipe system in the largest … the network is 30%. Local public investment priorities at the voivodeship level, potentially related to effective use of …
Persistent link: https://www.econbiz.de/10012870260
determinants of local investment expenditures in public infrastructure in the sectors of education, health, and physical … infrastructure. We find that after the dramatic expenditure decentralization of 2001, districts with relatively lower levels of … public infrastructure started to invest more in these sectors. In contrast to the marked budgeting changes following fiscal …
Persistent link: https://www.econbiz.de/10013060625
We use data from over 20,000 firms in 60 countries to identify constraints on the growth offirms. We interpret managers´ answers to survey questions on the extent to which variousaspects of their external environment inhibit the performance of their firm as measuring theshadow cost of...
Persistent link: https://www.econbiz.de/10005861835
Culture as reflected in social and religious norms may be pivotal to social organization in a decentralised economy where local authorities are responsible for the provision of local public goods. We distinguish between individualist and collectivist cultures to argue that collectivist culture...
Persistent link: https://www.econbiz.de/10013136493
, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at … the firm level. The paper focuses on how the impact of the investment climate varies across sizes of firms. The … face greater interruptions in infrastructure services. Larger firms spend significantly more time dealing with officials …
Persistent link: https://www.econbiz.de/10013316735
We evaluate the impact of a place-based infrastructure development scheme directed towards India's most "backward …
Persistent link: https://www.econbiz.de/10012912259
This paper concerns public input provision as an instrument for redistribution under international outsourcing by using a model-economy comprising two countries, North and South, where firms in the North may outsource part of their low-skilled labor intensive production to the South. We consider...
Persistent link: https://www.econbiz.de/10013149520
We examine how interaction choices depend on the interplay of social and physical distance, and show that agents who are more central in the social network, or are located closer to the geographic center of interaction, choose higher levels of interactions in equilibrium. As a result, the level...
Persistent link: https://www.econbiz.de/10013129915