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Politico-Economic Determinants of the Crowding-In Effects of Public Investments in Developing Countries
Atukeren, Erdal - 2006
This study investigates the politico-economic determinants of the crowding-in effects of public investments in a cross-section of 25 developing countries for the 1975-2000 period using multivariate probit analysis. The estimation results show that public fixed capital investments may crowd in...
Persistent link: https://www.econbiz.de/10014059703
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Are developing countries catching up?
Popov, Vladimir V.; Jomo Kwame Sundaram - In: Cambridge journal of economics 42 (2018) 1, pp. 33-46
Persistent link: https://www.econbiz.de/10012122655
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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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Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration
Izquierdo, Alejandro - 2020
Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...
Persistent link: https://www.econbiz.de/10012843305
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Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets
Buffie, Edward F. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012828060
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Capital Projects and Infrastructure in Urban and Economic Development
O'Neill, Phillip M. - 2016
The paper examines the politics of infrastructure in the post-privatisation era. It shows the tensions between the interests of private investors and the expectations of the citizenry for the assembly of a raft of capital assets that collectively underpin the operation of liveable sustainable...
Persistent link: https://www.econbiz.de/10012992915
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Loss-of-Learning and the Post-COVID Recovery in Low-Income Countries
Buffie, Edward F.; Adam, Christopher; Zanna, Luis-Felipe; … - 2022
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013295135
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Optimal public investment in resource-rich low-income countries
Algozhina, Aliya - 2020
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014533530
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Weather and income : lessons from the main European regions
García-León, David - 2015
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures...
Persistent link: https://www.econbiz.de/10010517704
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On the water-energy-food nexus: is there multivariate convergence?
Bollino, Carlo Andrea; Galeotti, Marzio - 2021
This paper provides new evidence on the convergence process of energy, water and food per capita consumption levels for … multivariate sigma and beta-convergence. The results reveal that there is evidence of sigma- absolute beta- and conditional beta-convergence … impact of each variable on the others in the analyzed countries. The speed of convergence is simulated to assess when the …
Persistent link: https://www.econbiz.de/10012487810