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infrastructure capital reduces the production cost of the economy, thereby increasing productivity, only in the second period. In … economy, and thereby on productivity, differentiating between two key sequential periods. A derived aim is to establish to … what extent infrastructure and non-infrastructure capitals are related. Our conclusions appear to indicate that …
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This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents...
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compensatory effects of improving productivity in infrastructure-related sectors. We employ the KLEMS annual dataset for a group of … shocks in the sectors most affected by COVID 19, we find that large productivity improvements in infrastructure - equivalent …This paper examines sectoral productivity shocks of the COVID-19 pandemic, their aggregate impact, and the possible …
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This paper attempts to distinguish and estimate the direct and indirect effects of infrastructure on firm productivity … kinds of infrastructure - road, telecommunication servers, and cable - are found to directly promote firm productivity; (2 …. The latter arises from the infrastructure-agglomeration link and has been largely overlooked in the literature on …
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