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Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules
Duarte Bom, P.R.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2011
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
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Output Dynamics, Technology, and Public Investment
Duarte Bom, P.R.; Heijdra, B.J.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2010
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
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The Direct and Indirect (Spillover) Effects of Productive Government Spending on State Economic Growth
Atems, Bebonchu - 2018
Using data on 48 contiguous U.S. states and a spatial econometric approach, this paper examines short- and long-run effects of productive higher education and highway infrastructure spending financed by different revenue sources on state economic growth. Following the Lagrange Multiplier, Wald,...
Persistent link: https://www.econbiz.de/10012912930
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Convergence in government spending components in EU15 : a spatial econometric perspective
Maleševic Perović, Lena; Golem, Silvia; Mihaljević … - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 240-254
This paper contributes to the empirical literature on convergence by applying convergence model to components of …, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by … Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in …
Persistent link: https://www.econbiz.de/10011843010
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Fiscal decentralisation, provincial economic growth and spillover effects : a spatial panel data analysis
Raza, Qasim; Hina, Hafsa - In: The Pakistan development review : PDR 55 (2016) 4, pp. 743-760
Persistent link: https://www.econbiz.de/10011670668
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Fiscal and Monetary Policy in an Endogenous Growth Model with Public Capital
Tamai, Toshiki - In: FinanzArchiv: Public Finance Analysis 64 (2008) 4, pp. 403-421
This paper develops an endogenous growth model in which the government finances its public investment using both income taxation and seigniorage. Arguments presented in this paper show that public investment financed by seigniorage gradually pulls up the growth rate of consumption and overshoots...
Persistent link: https://www.econbiz.de/10005823480
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Interregional inequality and federal expenditures and transfers in Russia
Torbenko, Alexander M. - 2014
The paper considers the influence of federal government expenditures and transfers on interregional convergence in … period in Russian regions there existed un- conditional beta-convergence, poor regions grew faster than rich ones. This …. Comparing our results to the results of previous research the process of interregional convergence in Russia can be seen. In the …
Persistent link: https://www.econbiz.de/10011504486
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Private Investoren für öffentliche Projekte: Schattenhaushalt oder Notwendigkeit?
Weichenrieder, Alfons; Kerber, Markus - In: Ifo Schnelldienst 67 (2014) 22, pp. 03-08
Führt eine private Finanzierung von Infrastrukturprojekten zu größerer Wirtschaftlichkeit, oder ist dies nur eine Umgehung der Schuldenbremse? Für Alfons Weichenrieder, Universität Frankfurt, liegt der Verdacht nahe – so ökonomisch sinnvoll im Einzelfall der Einsatz eines Public Private...
Persistent link: https://www.econbiz.de/10011148741
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Public Infrastructure Investment and Fiscal Sustainability in Latin America: Incompatible Goals?
Carranza, Luis; Daude, Christian; Melguizo, Ángel - Centre de développement, Organisation de Coopération … - 2011
Latin American countries exhibit a significant gap in infrastructure stocks, due to low and in many cases inefficient public investment, which is furthermore not compensated by private sector projects. In this paper we analyse trends in public and total infrastructure investment in six large...
Persistent link: https://www.econbiz.de/10009131539
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Fiscal Prospects and Reforms in India
Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448