Showing 21,781 - 21,790 of 21,887
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10010265969
commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs … periodic updating based on rate-of-return regulation criteria. Innovative infrastructure investments may warrant regulatory …
Persistent link: https://www.econbiz.de/10010266069
, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its allocation across the … two outlays. Productivity of government infrastructure spending can differ across regions. This assumption follows well … revenue and expenditure decisions is the optimal fiscal arrangement for the country when infrastructure spending productivity …
Persistent link: https://www.econbiz.de/10010268025
This paper describes the pattern of reductions in mortality across Brazilian municipalities between 1970 and 2000, and analyzes its causes and consequences. It shows that, as in the international context, the relationship between income and life expectancy has shifted consistently in the recent...
Persistent link: https://www.econbiz.de/10010268329
's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with … economies. When brain drain increases in source economies, public infrastructure investment is optimally adjusted downward …
Persistent link: https://www.econbiz.de/10010268783
While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the question remains as to the impact of these resource inflows on economic development. This study posits that a key channel of the impact of FDI on development is through its effects on...
Persistent link: https://www.econbiz.de/10010268902
This paper investigates whether there is a lack of public capital in European Union countries. The analysis builds on a new database providing internationally comparable capital stock estimates for 22 OECD countries, among these 14 EU countries, for the period 1960-2001. A simple model of...
Persistent link: https://www.econbiz.de/10010273347
infrastructure services. This paper considers public-private partnerships as another form of public sector intervention in the …
Persistent link: https://www.econbiz.de/10010273350
infrastructure projects on budget more often than traditional public procurement could be illusory. This is - to put it simply … whatever beneficial effects arise from 'bundling' the construction and operation of infrastructure projects, which is a …
Persistent link: https://www.econbiz.de/10010273353
significance of infrastructure finance through public-private partnerships, which are often portrayed as a substitute for … traditional public procurement of infrastructure. The conclusion that emerges is that while public investment has been trending …
Persistent link: https://www.econbiz.de/10010273354