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Infrastructure Capital and Economic Growth : How Well You Use it May Be More Important than How Much You Have

Hulten, Charles R. - 2010

This paper shows that those low and middle income countries that use infrastructure inefficiently pay a growth penalty in the form of a much smaller benefit from infrastructure investments. The magnitude of this penalty is apparent when the growth experience of Africa is compared with that of...

Persistent link: https://www.econbiz.de/10012763683

Does Investment in National Highways Help or Hurt Hinterland City Growth?

Baum-Snow, Nathaniel - 2018

We investigate the effects of the recently constructed Chinese national highway system on local economic outcomes. On average, roads that improve access to local markets have small or negative effects on prefecture economic activity and population. However, these averages mask a distinct pattern...

Persistent link: https://www.econbiz.de/10012919317

Scale Economies, Returns to Variety, and the Productivity of Public Infrastructure

Holtz-Eakin, Douglas; Lovely, Mary E. - 2021

We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure lowers costs in a manufacturing sector characterized by both firm-level returns to scale and industry-level external returns to variety. Infrastructure alters factor prices,...

Persistent link: https://www.econbiz.de/10013222910

Infrastructure and Public R&D Investments, and the Growth of Factor Productivity in Us Manufacturing Industries

Nadiri, M. Ishaq; Mamuneas, Theofanis P. - 2021

In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and productivity performance of twelve two-digit U.S. manufacturing industries. A general framework is developed to measure contribution of demand, relative input prices, technical...

Persistent link: https://www.econbiz.de/10013236700

State Infrastructure and Productive Performance

Morrison Paul, Catherine J.; Schwartz, Amy Ellen - 2021

The impact of public infrastructure investment on the productive performance of firms has been an important focus of the recent literature on productivity growth. The size of this impact has important implications for policymakers' decisions to invest in public capital, and productivity...

Persistent link: https://www.econbiz.de/10013227211

Freedom to Trade and the Competitive Process

Edlin, Aaron S. - 2011

Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...

Persistent link: https://www.econbiz.de/10013129134

Bailouts and the Preservation of Competition

Roberts, James W. - 2011

Governments rescue private companies partly to prevent other firms from gaining excessive market power. However, if failing firms exit, new entry may limit remaining firms' market power if there are potential entrants who can be as effective competitors as the firms leaving the market. We...

Persistent link: https://www.econbiz.de/10013131956

Estimating the Cream Skimming Effect of School Choice

Altonji, Joseph G. - 2010

We develop a framework that may be used to determine the degree to which a school choice program may harm public school stayers by luring the best students to other schools. This framework results in a simple formula showing that the "cream-skimming" effect is increasing in the degree of...

Persistent link: https://www.econbiz.de/10013135400

Exclusionary Minimum Resale Price Maintenance

Asker, John - 2010

incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

Persistent link: https://www.econbiz.de/10013135407

Valuing Identity

Fryer, Roland G. - 2010

in a hierarchy. The problem of designing an efficient policy to raise the status in this competition of a disadvantaged …

Persistent link: https://www.econbiz.de/10013135413

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