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Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies economize on spending without losing effectiveness by modifying the conceptual framework guiding state expenditures. The familiar framework says that state intervention is...
Persistent link: https://www.econbiz.de/10010790359
allocation of public investment. First, a principal component analysis on World Bank data is undertaken to understand the … less sustainable factors such as the spatial allocation of property rights of natural resources and the spatial …
Persistent link: https://www.econbiz.de/10010944807
externalities are therefore recon-structed as coordination rather than allocation problems. A social dilemma is taken as the …
Persistent link: https://www.econbiz.de/10008526818
Persistent link: https://www.econbiz.de/10004998577
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This paper examines the emergence and evolution over a hundred years (1908-2008) of francophone regional studies and science and regional and territorial development in Québec (Canada). Focusing on various dimensions such as their intellectual roots and bearers, their institutional academic...
Persistent link: https://www.econbiz.de/10011186715
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10010959467
Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et al...
Persistent link: https://www.econbiz.de/10010790277
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10010790369
Rwanda is a unique case among its Sub-Saharan African peers in that it has already undergone a large scaling-up of public investment. The Rwandan government has made clear its desire to lower its reliance on foreign aid while still maintaining high public investment levels. We use the model of...
Persistent link: https://www.econbiz.de/10010790412