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The evolution of inequality in permanent income is investigated during the course of a less developed country's transformation from a primarily agricultural to a primarily urban-industrial economy. The source of inequality is market luck in obtaining employment in the protected urban "formal...
Persistent link: https://www.econbiz.de/10013234061
, suggesting a painful tradeoff between dictatorship and disorder. A simple model suggests that private provision of infrastructure …
Persistent link: https://www.econbiz.de/10013071513
to long-gestation period projects such as infrastructure. This hypothesis can be tested using data generated by a …
Persistent link: https://www.econbiz.de/10013217209
In analyzing the dynamics of Tokyo housing price, we have compiled annual micro data sets from individual listings in a widely-circulated real estate advertising magazine. A data set compiled from "properties for investment" lists both asking (sales) prices and rents for the same properties....
Persistent link: https://www.econbiz.de/10013222233
interaction of those forces influenced water and sanitary infrastructure provision during the 19th and early 20th centuries. I … show the sharp link between infrastructure investments and declines in waterborne disease and discuss how that relationship … the benefits of infrastructure investment far exceeded the costs …
Persistent link: https://www.econbiz.de/10014263373
In this paper the authors examine the effects of publicly financed infrastructure and R&D capitals on the cost …
Persistent link: https://www.econbiz.de/10013216117
We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The …
Persistent link: https://www.econbiz.de/10013222910
In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure …
Persistent link: https://www.econbiz.de/10013236700
Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims … between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …
Persistent link: https://www.econbiz.de/10013243379
, consumption levels, infrastructure, literacy or population density through 2002. This finding suggests that local recovery from …
Persistent link: https://www.econbiz.de/10013244769