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Persistent link: https://www.econbiz.de/10012501598
Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for … economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure … the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of …
Persistent link: https://www.econbiz.de/10011396315
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Persistent link: https://www.econbiz.de/10002349851
Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for … economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure … the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of …
Persistent link: https://www.econbiz.de/10012972738
We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth, income, and welfare. Government investment increases wealth inequality over time, regardless of its financing. The time path of income inequality is, however, highly sensitive...
Persistent link: https://www.econbiz.de/10012711211
potential mechanisms, such as physical infrastructure, disruptive creation, institutions, political revolution, and financial …
Persistent link: https://www.econbiz.de/10014454359
Persistent link: https://www.econbiz.de/10003728477
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peaceful world without conflict.In this book the authors explore how six major constraints are set to fix the trajectory of the … of the world to the other, and the limitless financialization of economy. They suggest that like seismic activity which …
Persistent link: https://www.econbiz.de/10011421012