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Explication of reality may draw tools outside the phenomenon. That is the essence of case study, and the epistemological motivation of this paper. The paper illuminates the space of PPP policy in the UK. Yet, that illumination raises questions that stand to guide other countries, and the paper...
Persistent link: https://www.econbiz.de/10012864792
variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10003861777
variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10003865846
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule …, using an overlapping generations model of a small open economy. The government finances public investment by employing …-run output multiplier. In contrast to conventional results regarding public investment shocks, we obtain dampened cycles in …
Persistent link: https://www.econbiz.de/10013121451
variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10013157849
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption in a two-country model. The results show that a permanent increase in the domestic stock of...
Persistent link: https://www.econbiz.de/10013158382
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...
Persistent link: https://www.econbiz.de/10012777311
investment. The analysis of the specific project, reflecting the main advantages and disadvantages of investors to participate in …
Persistent link: https://www.econbiz.de/10012991713
This study offers new insights into fiscal policy management by providing an alternative to the traditional way of estimating guarantee It therefore takes away the need for guesswork amongst policy makers in estimating contingent liability. The findings confirm the long held belief that...
Persistent link: https://www.econbiz.de/10012934066
This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures...
Persistent link: https://www.econbiz.de/10013317956