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This paper develops a structural model of infrastructure and output growth that specifies the ways in which country … characteristics and policies enter the infrastructure-GDP interactions and lead to heterogeneity of steady states and convergence …-country estimates of the model indicate that the contribution of infrastructure services to GDP is substantial and in general exceeds …
Persistent link: https://www.econbiz.de/10014176980
This paper develops a structural model of infrastructure and output growth that specifies the ways in which country … characteristics and policies enter the infrastructure-GDP interactions and lead to heterogeneity of steady states and convergence …-country estimates of the model indicate that the contribution of infrastructure services to GDP is substantial and in general exceeds …
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The contention that “inclusive” institutions are the deep determinants of economic growth remains unsatisfactory. This paper develops an alternative theoretical and empirical case that economic structures are the fundamental cause of economic performance. Economic structures determine the...
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This comprehensive volume integrates pathbreaking and seminal scholarship from two interrelated fields - innovation and entrepreneurship - with the chapters providing a compelling link between the two. The editors seek to introduce and contextualize some of the most important research. Topics...
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