Showing 1 - 10 of 3,927
This paper presents a rationale for hybrid public-private capital structures in public utilities. The public sector can borrow money cheaper, while private investors can spawn life-cycle cost savings. When investment vehicles enable the internalization of the financial advantage of the public...
Persistent link: https://www.econbiz.de/10013068849
Persistent link: https://www.econbiz.de/10012841377
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...
Persistent link: https://www.econbiz.de/10013249451
This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment depends both on leverage and financial constraints....
Persistent link: https://www.econbiz.de/10013315095
Household water insecurity harms quality of life outcomes beyond health, for example the disutility of worrying about … water availability or anger at disrupted plans. However, these outcomes are excluded from cost-benefit analyses of water … billion invested annually in water supply in low- and middle-income countries may result. In this paper, I propose a way …
Persistent link: https://www.econbiz.de/10013290276
This paper studies consumers' choice between two different water tariffs. We document a large inaction in a novel … savings they would obtain if they were to switch water tariff. Our empirical framework separates two sources of inertia …
Persistent link: https://www.econbiz.de/10012592066
Der entwicklungsökonomische Diskurs ist aktuell geprägt durch eine kontroverse Debatte zwischen Jeffrey Sachs und William Easterly. Der Beitrag rekonstruiert beide Ansätze aus ordonomischer Perspektive. Er argumentiert, dass eine auf Kooperation angelegte Semantik vergleichsweise besser...
Persistent link: https://www.econbiz.de/10011786028
Ecolabels are designed to help consumers identify environmentally superior products and services, however, they are not all created equal. Some ecolabels have strong rules that promote environmental improvements, while others have weaker rules that permit free-riding. Since information about...
Persistent link: https://www.econbiz.de/10014120586
The paper studies the relationship between inequality and economic growth. This is done in a two sector model of endogenous growth with agents characterized by heterogeneity of factor endowments. The private sector consists of a large number of competitive firms who produce the only final good...
Persistent link: https://www.econbiz.de/10010519047
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332