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faced and their business environment. The business environment includes physical infrastructure, the availability of an …
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Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to … infrastructure corresponds to the practiced neglect of the long-term policy objective of economic growth in the economic order of the … German social market economy since its creation after World War II. Starting from Jochimsen's distinction of material …
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We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure … the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We … also depart from this literature by mixing principal components (to condense our institutional and infrastructure measures …
Persistent link: https://www.econbiz.de/10010294570
While bringing positive impacts and benefits, cross-border infrastructure projects face additional challenges relative … factors, and their obstacles constrain the development of cross-border infrastructure projects. This paper argues that proper … wherever necessary, will promote the further development of cross-border infrastructure projects. …
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Mit der Entscheidung des Bundesverfassungsgerichts zum Länderfinanzausgleich steht auch die Berücksichtigung der Seehafenlasten der Küstenländer auf dem Prüfstand. Ökonomische Erwägungen sprechen dafür, die Belastungen dieser Länder durch Investitionen in die Hafeninfrastruktur künftig...
Persistent link: https://www.econbiz.de/10010265454
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on … infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not …
Persistent link: https://www.econbiz.de/10010273809
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...
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