phenomena, attention is paid to the role of profitability as a driver of productivity and investment and global hegemony as a …A new world order is taking shape as a result of the relative decline of the United States (US) and other Western … economies. An important aspect of relative decline is a progressive secular slowing down of productivity growth. Another is the …

It is well recognised that the issue of the social rate of discount applies only to the gains from public investment … that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in … plausibly argued to lead to increases in factor productivity in the private economy. This paper observes that government …