We investigate the effects of public capital investment on the demand for travel. We define capital stock as a productive flow that accounts for the physical deterioration of infrastructure over time. We present a framework where additions to capital stock only cover a portion of the long-run...

Purpose – Although the crucial role of business, and of business-based approaches, in development is increasingly emphasised by academics and practitioners, we lack insight into the ‘whether and how' of viable business models, in environmental, social and economical terms. This article...

During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...

The objective of this paper is to investigate the effects of public infrastructure on regional economic performance in Spain. The empirical results are based on VAR models relating output, employment, private capital, and public infrastructure. We estimate models at the aggregate level and for...

The effects of a complex liberalisation process in local gas distribution are examined in this paper. The aim of this analysis is to emphasise the multidimensional aspects of such a reform in gas market regulation at local level. First of all, Local Public Finance will bear strong losses due to...

We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...

We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...

We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...

The aim of the present study is to assess the effect of public infrastructures on the cost structure of the Chilean economy, and thereby on productivity, differentiating between two key sequential periods. A derived aim is to establish to what extent infrastructure and non-infrastructure...

Municipalities manage their budgets in a complex national, regional, and local legal framework while being under the cross-pressure between of citizens claiming for better public goods and higher-level Administrations requiring higher allocative efficiency in public spending. The legal framework...