Regional allocation of public investment has been considered of a great interest over the years. Regional policy uses investments as a basic developmental tool and it seeks for an effective allocation among the regions. In addition, national economic policy distributes investments aiming at both...

The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...

We build a semi-endogenous growth model for developing countries with non-rivalrous public factors, imported capital goods, and an export demand function. The model exhibits the three-way interaction between public and private investment and trade shown recently in the empirical literature. A...