We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...

New infrastructure projects may affect CO2 emissions and, thus, cost benefit analyses for these projects require a value to apply for CO2. This may be based on the marginal social cost of emissions or on the carbon price resulting from present and future policies. This paper argues that both...

A rendszerváltást megelőzően a lakosság elégedetlen volt a lakáspolitikával. Az utóbbi években mintha változott volna a visszamenőleges megítélés. A közvélemény sokkal elnézőbbé vált a korábbi gondokkal-bajokkal szemben, ugyanakkor intenzíven és fájdalmasan éli át az...

Szemben a globális gazdaság észak-amerikai és távol-keleti erőközpontjaival, Európa versenyképességét az 1980-as évektől már érzékelhetően rontotta a nemzeti érdekek szerint kialakított közlekedésiinfrastruktúra-hálózatok szegmentáltsága, a sokfelé bénító forgalmi...

Ethnic favoritism is seen as antithetical to development. This paper provides credible quantification of the extent of ethnic favoritism using data on road building in Kenyan districts across the 1963-2011 period. Guided by a model it then examines whether the transition in and out of democracy...

This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...

Europe is lagging behind other developed economies in the availability and use of very fast broadband services. The recently introduced Digital Agenda for Europe initiative sets forward ambitious targets for the development of super-fast broadband infrastructures in Europe to foster smart and...

Based on new estimates of public and private capital stocks for 22 OECD countries we study the dynamic effect of public capital on the real gross domestic product using a vector autoregression approach. Whereas most former studies put effort on examining the effects of public capital in a single...

Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and transmission remains challenging, mainly due to the fact that...

Utilizando un modelo de equilibrio general computable y aplicando una microsimulación sobre la Encuesta MECOVI del año 2007, el documento muestra que la inversión pública tiene un efecto positivo sobre la reducción de la pobreza en escenarios de inversión moderada, inversión actual e...