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The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?

De Rus, Ginés - In: Journal of Benefit-Cost Analysis 2 (2011) 1

This paper deals with public investment in High-Speed Rail (HSR) infrastructure and tries to understand the economic …

Persistent link: https://www.econbiz.de/10014601584

Walking up the Down Escalator : Public Investment and Fiscal Stability

Easterly, William; Irwin, Timothy; Servén, Luis - In: World Bank Research Observer 23 (2008) 1, pp. 37-56

When growth-promoting spending is cut so much that the present value of future government revenues falls by more than the immediate improvement in the cash deficit, fiscal adjustment becomes like walking up the down escalator. Although short-term cash flows matter, too tight a focus on them...

Persistent link: https://www.econbiz.de/10015361129

Infrastructure and productivity in Latin America: is there a relationship in the long run?

Kühl Teles, Vladimir; Cesar Mussolini, Caio - In: Journal of Economic Studies 39 (2012) 1, pp. 44-62

Purpose – The purpose of this paper is to analyse the relationship between infrastructure and total factor productivity … authors hypothesise that an increase in infrastructure has an indirect effect on output by raising productivity. To assess … of infrastructure stock, such as energy, roads, and telephones. The Lütkepohl, Saikkonen and Trenkler Test, which …

Persistent link: https://www.econbiz.de/10014863312

Public infrastructure investment and fiscal sustainability in Latin America: incompatible goals?

Carranza, Luis; Daude, Christian; Melguizo, Angel - In: Journal of Economic Studies 41 (2014) 1, pp. 29-50

might help create fiscal space for infrastructure investment. Design/methodology/approach – The paper analyses trends in … public and total infrastructure investment in six large Latin American economies, in the light of fiscal developments since … structural fiscal balance) and public infrastructure investment rates. In the second part, the paper analyzes recent changes in …

Persistent link: https://www.econbiz.de/10014864087

The Politics of Endogenous Growth

Ghate, Chetan - In: Topics in Macroeconomics 3 (2003) 1

Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, and a constant returns to scale production technology without...

Persistent link: https://www.econbiz.de/10014588350

Finanzierungsformen und Opportunitätskosten öffentlicher Investitionen / Public Debt and Opportunity Costs of Public Investment

Kellermann, Kersten - In: Jahrbücher für Nationalökonomie und Statistik 224 (2004) 4, pp. 471-487

Zusammenfassung Im Beitrag wird gezeigt, dass die Kreditfinanzierung öffentlicher Investitionen mittel- und langfristig den Nachteil hoher, am Marktzins orientierter Opportunitätskosten aufweist. Im Rahmen der Steuerfinanzierung konvergieren die Opportunitätskosten öffentlicher Investitionen...

Persistent link: https://www.econbiz.de/10014608981

Fiscal externalities in a three-tier structure of government

Kappeler, Andreas - In: Journal of Economic Studies 41 (2014) 6, pp. 863-880

Purpose – Federal systems are often more sophisticated than assumed in the literature. In many cases, at least three tiers of government are involved in federal decision making. The purpose of this paper is to cast some light on this increasingly important issue in fiscal federalism....

Persistent link: https://www.econbiz.de/10014864090

Public investment, inflation persistence and central bank independence

Papadamou, Stephanos; Spyromitros, Eleftherios; … - In: Journal of Economic Studies 44 (2017) 6, pp. 976-986

Purpose The purpose of this paper is to investigate, both theoretically and empirically, the institutional setting of monetary policy making that mitigates the effects of productive public investment on inflation persistence. Design/methodology/approach In the theoretical approach, the authors...

Persistent link: https://www.econbiz.de/10014864581

The effects of applying alternative discounting methods on the economic feasibility test of Free Trade Zone development project : Based on the Korean preliminary feasibility study cases

Kyum Kim, Sang - In: Journal of Korea Trade 21 (2017) 1, pp. 69-82

Purpose The purpose of this paper is to examine the applicability of the alternative way of discounting, such as the hyperbolic discount method, for the economic feasibility test on Free Trade Zone development project that needs intergenerational analysis. Design/methodology/approach To analyze...

Persistent link: https://www.econbiz.de/10014881377

Public investments, productivity and economic growth : A cross-state study of selected public expenditures in the United States

Murova, Olga; Khan, Aman - In: International Journal of Productivity and Performance … 66 (2017) 2, pp. 251-265

Purpose The purpose of this paper is to use stochastic frontier analysis (SFA) to estimate the efficiency of public investments and their impact on economic growth in the USA using panel data. Results of the study show highly significant and positive relationships between gross state product...

Persistent link: https://www.econbiz.de/10014798572