heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs … investment, which is mainly due to the non-infrastructure part of government investment. Private investment has a larger effect … on income than both types of public investment. The effect on income due to the infrastructure component of public …

infrastructure ; Firm's value ; Corporate investment …We model the channels through which public expenditure on infrastructure influences firm value and shapes its … investment decisions via both adjustment costs and marginal profitability of capital. We test these hypotheses by using a large …

approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial … finance fiscal deficits. We do not find, nevertheless, a negative impact of the rule on public investment. We propose reforms …

American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … labor taxes should be lower than actual taxes in Brazil and Chile. However, while sub-optimal taxes seem to imply lower long …