We identify regional public investment priorities by studying the development of the water pipe system in the largest district in Poland. For this purpose, we take advantage of a major administrative re-form, implemented on 1 January 1999, which substantially changed the structure of Polish...

We examine the effectiveness of China's IFRS adoption from the perspective of an important set of financial report users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS adoption, and some evidence that it actually declines,...

- Public investment has been badly neglected in Germany over the past two decades, with the result that the public capital stock no longer meets the standards of a modern economy and is inadequate for the challenges that will be posed by demographic change and Germany's international...

Der öffentliche Sektor in Deutschland hat enorme Investitionsbedarfe, die auf rund 450 Mrd. Euro über die kommenden zehn Jahre geschätzt werden. Um diese Investitionen umzusetzen, ist ein Zehnjahresprogramm, finanziert über zusätzliche Kreditaufnahme, sinnvoll. Dafür sollte die...

We study the effects of federal purchases on firm investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity score matching, and inverse probability weighting...

This study provides a first analysis of the recent development in infrastructure investment in the Western Balkans. It identifies infrastructure gaps as well as key infrastructure initiatives in the region, outlines the political dimension and provides the respective detailed infrastructure...

South Africa is a developing country faced with diverse challenges like high unemployment, poverty, inequality and low economic growth. In an attempt to address these issues, government can embark on borrowing and incur public debt. Countries that run large persistent public debt signal negative...