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In this paper we examine the effects of the services provided by public infrastructure on the cost structure, private … input demands, and productivity performance of twenty two-digit Greek manufacturing industries. The model of the paper is … the dual cost function. Although the effects of public infrastructure varies across different industries our results …
Persistent link: https://www.econbiz.de/10014181601
investment policy of the type consistent with U.S. data does not have much impact on the growth rate of labor productivity in our … model, suggesting that other explanations for the U.S. productivity slowdown should be considered …
Persistent link: https://www.econbiz.de/10014220660
account for the U.S. productivity slowdown …
Persistent link: https://www.econbiz.de/10014207159
This paper examines the relationship between real wages in the United States and productivity. The measure of … productivity includes the impact of public capital as well as private capital. Both neo-classical and Keynesian theories predict … studies. These studies, however, ignore the impact of public capital on productivity. Using Cobb-Douglas production function …
Persistent link: https://www.econbiz.de/10014207660
evaluation for environment, resource, and infrastructure management. …
Persistent link: https://www.econbiz.de/10011386985
High-quality infrastructure will boost regional economic development and reduce poverty and income inequality. The … spill-over effects created by this high-quality infrastructure will be seen in the form of an increase in gross domestic … product and tax revenue in the region. These positive effects can be utilized to address the gap between infrastructure demand …
Persistent link: https://www.econbiz.de/10012869191
investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … game may exhibit history dependency; if the initial stock of international infrastructure is smaller (larger) than a … certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two …
Persistent link: https://www.econbiz.de/10012316937
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