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We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth, income, and welfare. Government investment increases wealth inequality over time, regardless of its financing. The time path of income inequality is, however, highly sensitive...
Persistent link: https://www.econbiz.de/10012711211
This paper cites statistics published by the World Economic Forum and concludes that there is no infrastructure crisis … infrastructure, which places it firmly in the top 8 percent in terms of infrastructure development. Thus, it is not reasonable to … argue or conclude that there is an infrastructure crisis …
Persistent link: https://www.econbiz.de/10013214995
The author provides a preliminary benchmarking of infrastructure performance in Lesotho in four major sectors … infrastructure performance from over 200 countries. The results of the benchmarking are revealing of several major, comparative … deficiencies in infrastructure performance in Lesotho: (1) extremely low access to electricity and its affordability; (2) poor …
Persistent link: https://www.econbiz.de/10014059911
, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and … developing economies. Controlling for economic characteristics, we find that overall private participation of infrastructure … infrastructure. Our results do not vary when controlling for income inequality and across quartiles of experience, country wealth …
Persistent link: https://www.econbiz.de/10012454088
Persistent link: https://www.econbiz.de/10013259656
Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …
Persistent link: https://www.econbiz.de/10012482505
Faced with historically low interest rates, investors are looking further into illiquid assets such as infrastructure … analyzes the key performance and risk characteristics of the EDHECinfra global unlisted infrastructure equity index when … compared to the main global listed infrastructure indices during the 2001-2018 period. The descriptive statistics method is …
Persistent link: https://www.econbiz.de/10012105600
Persistent link: https://www.econbiz.de/10011779557
Persistent link: https://www.econbiz.de/10011392909
This paper studies the regional treatment effects of infrastructure projects on employment and transport volumes by … effects from infrastructure provision on various outcome variables. Moreover, we find that rail transport does not crowd out …
Persistent link: https://www.econbiz.de/10012289890