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Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules
Duarte Bom, P.R.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2011
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
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Output Dynamics, Technology, and Public Investment
Duarte Bom, P.R.; Heijdra, B.J.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2010
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
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Assessing Development Strategies to Achieve the MDGs in Asia - Macroeconomic Strategies of MDG Achievement in the Kyrgyz Republic
Mogilevsky, Roman - 2015
The paper aims at analyzing macroeconomic and financial strategies, which are to ensure achievement of the Millennium Development Goals (MDGs) in the Kyrgyz Republic. The paper is based on results of simulations generated through the application of standard MAMS, a computable general equilibrium...
Persistent link: https://www.econbiz.de/10013037892
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Growth spillover: A spatial dynamic panel data and spatial cross section data approaches in selected Asian countries
Amidi, Sahar; Majidi, Ali Fagheh; Javaheri, Bakhtiar - In: Future Business Journal 6 (2020) 1, pp. 1-14
One of the most fundamental issues worldwide is the economic interdependence of countries which affects their economic growth. Some new growth theorists such as Mankiw et al., Islam, Ertur and Koch, Lee, Yu and Yu Ho et al. consider geographical proximity and trade as spatial variables. This...
Persistent link: https://www.econbiz.de/10012664329
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Growth spillover : a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries
Amidi, Sahar; Majidi, Ali Fagheh; Javaheri, Bakhtiar - In: Future Business Journal 6 (2020) 20, pp. 1-14
One of the most fundamental issues worldwide is the economic interdependence of countries which affects their economic growth. Some new growth theorists such as Mankiw et al., Islam, Ertur and Koch, Lee, Yu and Yu Ho et al. consider geographical proximity and trade as spatial variables. This...
Persistent link: https://www.econbiz.de/10012308441
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Economic transition and growth dynamics in Asia : harmony or discord?
Tam, Pui Sun - In: Comparative economic studies 60 (2018) 3, pp. 361-387
Persistent link: https://www.econbiz.de/10012172350
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Deriving Macroeconomic Benefits from Public–Private Partnerships in Developing Asia
Lee, Minsoo - 2019
The provision of infrastructure and related services in developing Asia via public–private partnership (PPP) increased rapidly during the late 1990s. Theoretical arguments support the potential economic benefits of PPPs, but empirical evidence is thin. This paper develops a framework...
Persistent link: https://www.econbiz.de/10012892048
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Deriving macroeconomic benefits from public-private partnerships in developing Asia
Lee, Minsoo; Han, Xuehui; Gaspar, Raymond; Alano, Emmanuel - 2018
The provision of infrastructure and related services in developing Asia via publi-private partnership (PPP) increased rapidly during the late 1990s. Theoretical arguments support the potential economic benefits of PPPs, but empirical evidence is thin. This paper develops a framework identifying...
Persistent link: https://www.econbiz.de/10011896056
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Fiscal and Monetary Policy in an Endogenous Growth Model with Public Capital
Tamai, Toshiki - In: FinanzArchiv: Public Finance Analysis 64 (2008) 4, pp. 403-421
This paper develops an endogenous growth model in which the government finances its public investment using both income taxation and seigniorage. Arguments presented in this paper show that public investment financed by seigniorage gradually pulls up the growth rate of consumption and overshoots...
Persistent link: https://www.econbiz.de/10005823480
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Income Convergence and Regional Growth in India
Chikte, Rasika P. - In: South Asia Economic Journal 12 (2011) 2, pp. 239-269
In this article I study regional growth and sub-national income convergence in India in the context of economic reforms … that have been undertaken since 1991. I also examine convergence in development inputs such as population growth, literacy … indicating no evidence of convergence in the pre- or post-reform period. Population, state capital expenditure and commercial …
Persistent link: https://www.econbiz.de/10010784340