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This paper investigates the relation between corporate political connections and government investment. We study … unconnected firms. Overall, we show that connections between firms and regulators are associated with distortions in investment …
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A large body of literature has been published showing that the social returns to investment in equipment are low and … growth and investment in equipment and structures using data for 11 OECD countries over 130 years and for 22 OECD countries … over 40 years. The empirical results suggest that the social returns to investment in equipment substantially exceed their …
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Is public expenditure productive? Is there a shortfall or excess in public capital investment? We address these old …
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Countries with the highest labor productivity overwhelmingly lie in the world's temperate climatic zones far away from the equator. The question we address is whether climatic conditions as measured by distance from the equator remain correlated with labor productivity after other variables are...
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