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Military Expenditure, Threats, and Growth

Aizenman, Joshua; Glick, Reuven - 2021

threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …

Persistent link: https://www.econbiz.de/10013233439

Digging the Dirt at Public Expense : Governance in the Building of the Erie Canal and Other Public Works

Engerman, Stanley L.; Sokoloff, Kenneth L. - 2021

effects of corruption vary across different contexts be developed …

Persistent link: https://www.econbiz.de/10013223080

Government Investment and Fiscal Stimulus in the Short and Long Runs

Leeper, Eric M. - 2009

This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment:...

Persistent link: https://www.econbiz.de/10013158015

Finance and Growth : Household Savings, Public Investment, and Public Health in Late Nineteenth-Century New Jersey

Bodenhorn, Howard - 2017

Saving is essential to the health of economies because it provides the wherewithal for investment. In the late nineteenth century, saving was also essential to the health of urban working-class households. This study brings together information from surveys of household spending and saving,...

Persistent link: https://www.econbiz.de/10012955931

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

Infrastructure in a Structural Model of Economic Growth

Holtz-Eakin, Douglas; Schwartz, Amy Ellen - 2021

Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...

Persistent link: https://www.econbiz.de/10013243379

International Capital Mobility, Public Investment and Economic Growth

Clarida, Richard - 2022

This paper presents a neoclassical model of international capital flows, public investment, and economic growth. Because public capital is non-traded and is imperfectly substitutable for private capital, the open economy converges only gradually to the Solow steady-state notwithstanding the fact...

Persistent link: https://www.econbiz.de/10013323472

Managing Public Investment Funds : Best Practices and New Challenges

Mitchell, Olivia S. - 2008

Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and...

Persistent link: https://www.econbiz.de/10012771671

Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

Bai, Jie - 2013

Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside "on its own,'' and they demonstrate one type of positive …

Persistent link: https://www.econbiz.de/10013075412

Taxation, Corruption, and Growth

Aghion, Philippe - 2016

We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth … infrastructure. Political corruption governs the efficiency with which tax revenues are translated into infrastructure. The model … predicts an inverted-U relationship between taxation and growth, with corruption reducing the optimal taxation level. We find …

Persistent link: https://www.econbiz.de/10012999995

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