Showing 1 - 10 of 98
We estimate the long-term impact of changes in social security and social protection spending on economic performance in the USA. We estimate a VAR model relating GDP, unemployment rates, saving rates, and social spending. Our results suggest that social spending has significant distortionary...
Persistent link: https://www.econbiz.de/10010857827
We estimate the long-term impact of social security and social protection spending in a set of twelve EU countries. We estimate country-specific VARs relating GDP, unemployment, savings, and social spending. We find that social spending has a negative effect in most countries while the effects...
Persistent link: https://www.econbiz.de/10010857832
This paper is an up-to-date survey of the most important literature on the effects of public infrastructure investment on economic performance and therefore constitutes a comprehensive starting reference for academic researchers and policy makers alike. It presents a comprehensive discussion of...
Persistent link: https://www.econbiz.de/10008804908
The empirical results in this note are based on state-level VAR estimates using private output, employment, and investment, as well as different measures of highway investment to capture, for each state, both the direct effects of highway investment in the state itself and spillover effects of...
Persistent link: https://www.econbiz.de/10008804909
The objective of this paper is to identify the effects of railroad infrastructure investment on aggregate and regional economic performance in Portugal. At the aggregate level, we show that railroad investment crowds in private investment and employment and have strong effects on output. At the...
Persistent link: https://www.econbiz.de/10008645049
We estimate the long-term impact of changes in social security and social protection spending on economic performance in the United states. We estimate a VAR model relating GDP, unemployment rates, saving rates and social spending. Our results suggest that social spending has significant...
Persistent link: https://www.econbiz.de/10011104849
This paper provides a survey of the significant literature on the effects of public infrastructure investment on economic performance and therefore constitutes a comprehensive reference for academic researchers and policy makers alike. It presents a comprehensive discussion of the empirical...
Persistent link: https://www.econbiz.de/10010732545
We estimate the long-term impact of social security and social protection spending in a set of twelve EU countries. We estimate country-specific VARs relating GDP, unemployment, savings, and social spending. We find that social spending has a negative effect in most countries while the effects...
Persistent link: https://www.econbiz.de/10010892269
This paper provides empirical evidence on the economic and budgetary effects of the recent investments in toll-free highways in Portugal, the so-called SCUTS, in an effort to bring some clarity to the current policy debate on these highways. This debate is centered on the issue of the financial...
Persistent link: https://www.econbiz.de/10005588168
The objective of this paper is to evaluate the effects at the industry level of public investment in transportation infrastructures in Portugal. The empirical results are based on VAR/ECM models for the Portuguese economy and for eighteen industries covering the whole spectrum of economic...
Persistent link: https://www.econbiz.de/10005588174