The impact of the EU Cohesion Policy has mainly been evaluated by analysing its growth effects. However, this perspective neglects that the EU support might affect other policy fields as well. There are at least two reasons why the impact on public investment should be of special interest. First...

This paper addresses the issue of whether and by how much public investment or public capital can enhance economic performance. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A VAR model (for France, Italy, Germany, the UK and...

Industrial development is necessary for higher standard of living of people. It is need of every state in India, to achieve the economic prosperity of peoples/society, various studies reveals that infrastructure is necessary for industrial development. It is also necessary to make plan for...

Access to inclusive and sustainable infrastructure to the masses of each spatial unit of any country and region is of the paramount importance. This paper aims at examining the level of infrastructure development, analysis of spatial disparities in infrastructure and temporal comparison of...

This study addresses the macroeconomic effect of foreign aid on the factors of growth. Specifically, we examine the effects of foreign aid on capital investment (human capital, physical capital) in sub-Saharan Africa. Our methodological approach evaluates the effect of disaggregate aid (aid for...

Spending on productive infrastructure is seen as an important contributor to long term economic growth. Several authors have documented a downward trend in public investment during the last three decades and warned about its possible detrimental effects on the economy. A not well-realized fact...

The aim of this article is to analyse the evolution and degree of convergence in the technical efficiency of the regional productive sectors. We use the frontier approach of the Malmquist Index computed through the nonparametric programming method to compare the contribution of efficiency gains...

This paper addresses the issue of whether and by how much public investment or public capital can enhance economic performance. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A VAR model (for France, Italy, Germany, the UK and...

According to Crescezni and Rodríguez-Pose (2008) backward European states and regions should follow balanced strategies in which infrastructure development is coordinated with policies aimed at developing human capital and the innovative potential of regions. In order to assess their postulates...

The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European...