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to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more … service competition increases the supply of infrastructure) can be disentangled from an indirect effect (more service … competition increases the demand for infrastructure quality and, as a consequence, increases the supply of infrastructure). While …
Persistent link: https://www.econbiz.de/10008701353
The growth of the modern regulatory state is often explained in terms of an unambiguous increase in regulation driven by the actions of central governments. Contrary to this traditional narrative, we argue that governments often strove to weaken the autarkic tendencies of regional laws, thereby...
Persistent link: https://www.econbiz.de/10014192240
This paper investigates whether high borrowing costs deterred investment in sanitation infrastructure in late nineteenth-century Britain. Town councils had to borrow to fund investment, with considerable variation in interest rates across towns and over time. Panel regressions, using annual data...
Persistent link: https://www.econbiz.de/10012820694
In der Juniausgabe 2012 veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel 'Regulierung, Bildung und Wohlstand - der IW-Regulierungsindex'. Enrico Schöbel und Lars Petersen setzen sich damit kritisch auseinander und Dominik H. Enste und Jochen Wicher erläutern ihren Standpunkt...
Persistent link: https://www.econbiz.de/10010516334
In der Juniausgabe 2012 veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel „Regulierung, Bildung und Wohlstand – der IW-Regulierungsindex“. Enrico Schöbel und Lars Petersen setzen sich damit kritisch auseinander und Dominik H. Enste und Jochen Wicher erläutern ihren...
Persistent link: https://www.econbiz.de/10009742944
investment. For the first case, we find that even absent asymmetric information, a lack of regulatory commitment can cause …
Persistent link: https://www.econbiz.de/10010190802
funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the …
Persistent link: https://www.econbiz.de/10011925841
entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high …
Persistent link: https://www.econbiz.de/10011977827
Liberia is facing large infrastructure gaps and developmental needs that constrain the country's growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10013071367
Investments in physical infrastructure induce environmental changes that serve both an enabling and disabling function, potentially acting to simultaneously stimulate new business establishment and provoke exit by some incumbent establishments. The opening of a new establishment results in the...
Persistent link: https://www.econbiz.de/10012891728