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Can infrastructure investment win "hearts and minds"? We analyze a famous case in the early stages of dictatorship …
Persistent link: https://www.econbiz.de/10010360304
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10012945687
Transportation infrastructure is associated with economic development, but it can also be used for social control and …-led repression and the illegal allocation of agricultural plots to dictatorship allies. These results suggest that infrastructure …
Persistent link: https://www.econbiz.de/10014264721
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …
Persistent link: https://www.econbiz.de/10012801569
I provide evidence of the severe social costs imposed by infrastructure projects that are being implemented (i …. Failing to take the implementation phase into account could severely bias the welfare evaluation of infrastructure. …
Persistent link: https://www.econbiz.de/10013331137
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This paper makes use of a growth accounting framework to examine the importance of public capital for private sector productivity growth. Most measures of multifactor productivity consider only the inputs of the business sector. This paper produces an alternate measure of multifactor...
Persistent link: https://www.econbiz.de/10013153791
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10011966676