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Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10012945687
As India is projected to be the world's most populous country by 2025, the growing needs of the economy, with expanding population, in the recent years have placed intense stress on physical infrastructure. In order to meet the deficit in the provision of infrastructure, mid-term appraisal of...
Persistent link: https://www.econbiz.de/10013048003
This paper examines the relationship between infrastructure investment activity, capital market development, the role of public institutions and economic development in the Asia Pacific. It adopts a review approach drawing on empirical evidence over recent decades. Infrastructure is shown to be...
Persistent link: https://www.econbiz.de/10011649314
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/10013135021
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel of OECD countries in 1996-2007. Our instrumental-variable model derives its non-linear first stage from a logistic diffusion model where pre-existing voice-telephony and...
Persistent link: https://www.econbiz.de/10013116573
Indonesia.s infrastructure is in poor shape, having suffered from protracted under-investment since the Asian financial crisis of the late 1990s, and constraints growth potential. This paper focuses on the current state of the regulatory framework and discusses different options for improvement...
Persistent link: https://www.econbiz.de/10012444913
Development of green infrastructures (renewable energy plants and transmission networks) is urgently needed if significant reductions of greenhouse emissions are to be accomplished in the next few decades. But the huge financial investments required by these infrastructures will not be...
Persistent link: https://www.econbiz.de/10014185694
There has been a significant increase in project financing in the public sector in Europe in the past decade, benefiting the implementation of infrastructure projects. In Italy, project financing is still much more limited than in such countries as Spain and the UK: the projects funded are...
Persistent link: https://www.econbiz.de/10014195219
This essay explores how my recent work on infrastructure and commons applies to environmental resources. Part I briefly describes the core idea, which is developed extensively elsewhere. Part II suggests how it might apply to the natural environment. Specifically, Part II (a) frames the...
Persistent link: https://www.econbiz.de/10014218696
Persistent link: https://www.econbiz.de/10011659129