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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 …, institutional and personal infrastructure, infrastructure policy as an indirect approach to economic growth policy is suggested. The …
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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 …
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This paper surveys the main issues and controversies in the economic literature on infrastructure in developing … countries. Section I reviews the evidence on the role of infrastructure in promoting economic growth. It is argued that …, although infrastructure may be more important for growth than other types of capital, the exact size and form of its effect is …
Persistent link: https://www.econbiz.de/10010323687
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
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capital, and infrastructure capital; the infusion of new technology and its regional spread; and market reforms, with a major … infrastructure capital on regional inequality. We conclude that investing in human capital will be an effective policy to reduce …
Persistent link: https://www.econbiz.de/10010268707
This contribution provides evidence for the hypothesis that trade increases growth through its curbing effect on capital taxes. The analyzed mechanism includes two different steps and considers the critical points of both the theoretical and empirical studies in this field. In particular, the...
Persistent link: https://www.econbiz.de/10010306049