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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
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
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
Persistent link: https://www.econbiz.de/10012437721
Poland has significantly upgraded its infrastructure network over the past decade. However, bottlenecks still weigh on productivity growth and environmental and health outcomes. The EU 2014-20 programming period is an opportunity to improve the management of infrastructure investment. In the...
Persistent link: https://www.econbiz.de/10011577776
sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …
Persistent link: https://www.econbiz.de/10010375394
We address the role that deep, structural factors may have as determinants of Mexico's economic growth. We argue that Mexico's poor growth performance appears to be associated not only with shorter-run events such as the "lost decade" of the eighties, but also with supply-side features of the...
Persistent link: https://www.econbiz.de/10003909564
Persistent link: https://www.econbiz.de/10011961021
Persistent link: https://www.econbiz.de/10000986990