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What determines the aggregate and distributional effects of new transportation infrastructure? One key overlooked … channel is the role that infrastructure policy plays in changing the incentives of firms to enter, exit, and grow--in turn … generating endogenous changes in local productivity. In this paper, we document and quantify the importance of this channel by …
Persistent link: https://www.econbiz.de/10015078327
It is widely accepted that investing in public infrastructure promotes economic development. However, there is little … awareness of the prevalence of unfinished infrastructure projects and their consequences. In this paper, I study the effect of … unfinished sewerage infrastructure on early-life mortality in Peru. I compile several sources of administrative panel data for 1 …
Persistent link: https://www.econbiz.de/10012293130
compensatory effects of improving productivity in infrastructure-related sectors. We employ the KLEMS annual dataset for a group of … shocks in the sectors most affected by COVID 19, we find that large productivity improvements in infrastructure - equivalent …This paper examines sectoral productivity shocks of the COVID-19 pandemic, their aggregate impact, and the possible …
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I provide evidence of the severe social costs imposed by infrastructure projects that are being implemented (i …. Failing to take the implementation phase into account could severely bias the welfare evaluation of infrastructure. …
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