European leaders aim to turn the enlarged Union into "the most competitive and dynamic knowledge-based economy in the world". But without major increases in infrastructure investments, dynamic growth - the missing ingredient of the European model - will not materialize. Given extraordinarily...

Theoretical propositions proclaim that the association between Infrastructure Availability and Development of a region is quite strong and runs from the former to the latter. Empirical studies are however, inconclusive. While few researchers have concluded that the impact of infrastructure on...

In the 1990’s, Argentina became a top destination for FDI to developing countries. The geographical distribution of FDI inflows was, however, highly uneven. In parallel, the spatial allocation of public infrastructure greatly mirrored these regional disparities. What were the determinants of...

This paper proposes a novel financing scheme, reserve financing, for government infrastructure investment in China. A two-sector open economy model explores the consequences and policy implications of a surge in infrastructure investment financed by international reserves. The results show that...

Even though Bangladesh has made progress towards reaching some of the Millennium Development Goals (MDGs), it is still a major challenge for the government to further reduce poverty and improve human developments, in particular achieving a 100 percent primary-school completion rate. As foreign...

Imbalances in regional infrastructural availability have been a major reason behind lopsided development in India. This paper examines the veracity of this argument in light of empirical results at the district level using a multidimensional approach with sub-sectoral, sectoral and composite...

Infrastructure development is a priority on policy agendas in the EU and worldwide, because of the very high investment needs in basic infrastructure, especially in lagging behind regions and countries. The paper provides a descriptive analysis of the infrastructural gaps in EU transition...

A production function analysis of the 32 Mexican regions reveals almost no technological progress and human capital impact in Mexican industry over a 44 year period. While extensive growth is found prior to 1985, little evidence for extensive or intensive growth except for the labor input is...

Maximum entropy econometrics is well suited to estimate models with very few observations or to deal with multicollinearity. These are common problems in the estimation of a regional production function. In this paper, maximum entropy is used to analyze two issues that, so far, have not been...

Imbalances in regional infrastructural availability have been a major reason behind lopsided development in India. This paper examines the veracity of this argument in light of empirical results at the district level using a multidimensional approach with sub-sectoral, sectoral and composite...