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Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous … indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities … alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern …
Persistent link: https://www.econbiz.de/10012747990
the productivity of the economy. Africa has been lagging behind in the global manufacturing market. Among others …
Persistent link: https://www.econbiz.de/10012971679
In conflict-prone situations, access to markets is necessary to restore economic growth and generate the preconditions for peace and reconstruction. Hence, the rehabilitation of damaged transport infrastructure has emerged as an overarching investment priority among donors and governments. This...
Persistent link: https://www.econbiz.de/10012971738
Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical...
Persistent link: https://www.econbiz.de/10012972738
This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a critical driver of economic growth, but infrastructure entails significant up-front costs that yield benefits after a time lag. Investors hesitate to put their money down on private...
Persistent link: https://www.econbiz.de/10012973277
infrastructure projects with high productivity effects and the crucial role of financing in determining the net effects of expanded … unless they are designed to raise productivity, perhaps via improvements in health, nutrition, and education outcomes. A … factor productivity. By 2022, 10 years of growth at a rate of 7 percent would spread across the macro demand indicators as …
Persistent link: https://www.econbiz.de/10012974067
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...
Persistent link: https://www.econbiz.de/10012975282
In the past half a century, Egypt has experienced remarkable progress in the provision of infrastructure in all areas, including transportation, telecommunication, power generation, and water and sanitation. Judging from an international perspective, Egypt has achieved an infrastructure status...
Persistent link: https://www.econbiz.de/10012976728
addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature …
Persistent link: https://www.econbiz.de/10012747913
The authors follow the Hellerstein, Neumark, and Troske (1999) framework to estimate marginal productivity … differentials and compare them with estimated relative wages. The analysis provides evidence on productivity and nonproductivity … training on wages and productivity differentials. Higher education yields higher productivity. However, highly educated workers …
Persistent link: https://www.econbiz.de/10012783430