productivity of private capital and total factor productivity within African economies. Employing the standard production approach … factor productivity. We argue that public capital, predominantly manifesting through infrastructure, constitutes an … indispensable element for fostering growth. Fundamental to the productivity of private capital is its reliance on a sufficient stock …

productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into … neoclassical growth theory, and to identify the major determinants of differences in the productivity of investment using the …A country's growth of output is identically equal to its ratio of investment to output and the productivity of …

This paper develops an endogenous growth model of the influence of public investment, public transfers, and … distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer …