China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance...

С процессами глобализации и урбанизации все больше внимания стало уделяться значению брендинга как инструмента повышения конкурентоспособности территорий....

In this paper we estimate the impact of local authority infrastructure spending in New Zealand using spatial econometric modelling, with the infrastructure spending itself endogenously determined. Utilizing data from the New Zealand Census and Local Authorities Finance data (1991-2008),...

Investment in low carbon infrastructure is considered an important component of the fight against climate change. The mechanisms of climate regulation (such as carbon offsets) transfer to project developers the risks associated with reducing emissions of greenhouse gas (GHG) emissions, i.e....

TThis paper proposes a simultaneous-equation approach to the estimation of the contribution of infrastructure accumulation to private production. A political economy model for the allocation of public infrastructure investment grants is formulated. Our empirical findings, using a panel of large...

We study how fiscal policies and commuting costs determine the geographical distribution of workers and households in an economy. We characterize equilibrium outcomes in a simple two-region model with commuting costs, local public goods, and local infrastructure. We also provide a short survey...

Durante la década de los noventa, los Fondos de Inversión Social fueron el mecanismo por excelencia para la entrega de obras sociales a poblaciones vulnerables en épocas de ajustes y crisis económicas. Desde entonces, los FIS se han convertido en instituciones con objetivos de más largo...

Die Bundesregierung hat mit dem sog. "Konjunkturpaket II" auf die Wirtschaftskrise reagiert und stellt insgesamt fast 50 Mrd. € zur Verfügung. Die Mittel sollen großenteils für Investitionen in Infrastruktur genutzt werden. Ulrich Klüh und Wolfgang Wiegard, Sachverständigenrat zur...

In seiner Regierungserklärung vom 14. März 2003 kündigte Bundeskanzler Gerhard Schröder unter anderem zinsgünstige Kreditprogramme für bestimmte kommunale Investitionsvorhaben an. Nach Ansicht von Prof. Dr. Helmut Seitz, Universität Frankfurt/Oder, handelt es sich hierbei »um ein reines...