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In this paper we analyze an endogenous growth model with public capital and public debt where we posit that the primary surplus of the government is a positive function of cumulated past debt with an exponentially declining weight put on debt further back in time. We consider two scenarios:...
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Traditionally, governments have had the major responsibility of managing the process of infrastructure provision …, especially financing. But of late governments across the globe are not in a position to build the required infrastructure … globalization of financial markets. So, the traditional role of public sector infrastructure development is undergoing major change …
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strategic industrial projects -- Mechanisms for preventing rising damp in new building infrastructure -- A review of selected …
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