This paper examines two possible sources of interaction between private and public capital in an endogenous growth model with productive public investment, which is used as an input both in the production of final output and in the production of new public capital. On the one hand ,public...

This paper examines two possible sources of interaction between private capital and productive public expenditure within an endogenous growth model. On the one hand, public investment and private capital are complementary with each other in the production of goods. On the other, they can be...

The European electricity sector has undergone significant reforms in recent years, in the direction of market opening, integration and privatization. National and regional markets are now characterized by the presence of domestic and foreign firms, both privately and publicly owned. Did foreign...

The electricity generation sector is considered the most competitive segment of the industry and has undergone significant reforms in recent years. Liberalization, market opening and privatizations have characterized, with country-specific variations, the European electricity supply market. This...

This paper examines the return to infrastructure in the European Union regions in a spatial framework. It innovates on the earlier literature on infrastructure and growth by a combination of regional focus, disaggregation of infrastructure types and consideration of spatial dependence. Different...

The shadow wage is the social opportunity cost of labor. After reviewing earlier theoretical and empirical literature, we define four labor market conditions: fairly socially efficient (FSE), quasi-Keynesian unemployment (QKU), urban labor dualism (ULD) and rural labor dualism (RLD). We offer,...

The potential welfare benefits from free movement of people are large. Especially in Europe, actual flows are lower than one would expect on the basis of economic differences between regions and countries. This paper empirically investigates the importance of cultural barriers in explaining the...