Ageing populations require larger healthcare facilities, in spite of growing public budget constraints, inducing to wonder whether we can afford what we increasingly need, accompanying sustainable and careful demography.New healthcare infrastructural investments, compliant with Eurostat rules,...

Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment activity results (included is a generalized...

This paper evaluates the impact of the 8-7 Plan, the second wave of China's poverty alleviation program, on rural income growth at the county level over the program's disbursement period, from 1994 to 2000. Program participation was largely determined by whether a county's pre-program income...

This paper provides an impact evaluation of the Juntos programme on households' decisions to invest in livestock and agricultural and non-agricultural assets used for income generating activities. Using Propensity Score Matching and Difference in Difference techniques, we show: i) that...

We study a dynamic public capital accumulation model with infinitely-lived agents who follow the standard discounted utility model in their roles as consumers and voters. Saving policies are determined sequentially, period-by-period, by majority voting. When there is discounting heterogeneity,...

The U.S. economy is growing more slowly than it can and should be growing because it does not invest enough in infrastructure, science, and education. There is an important procedural obstacle to funding public investments — a process of scoring the economic effect of legislation. This process...

This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...

In this paper we analyse the so called "planning contracts" which were adopted by the Italian Government in 1986 to promote industrial development in the South, that is the least favoured area of the country. The paper is organised in two sections. First, we present a full and detailed picture...

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...