This paper presents the results of a quasi-experimental study using information collected through a survey conducted in peri-urban areas of Metropolitan Lima between October and November 2021. The survey was applied to households residing close to and on both sides of the geographic boundary of...

This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...

In der Debatte um die Schuldenbremse bildet sich zunehmend ein Konsens für eine Reform heraus. Zuletzt versuchten Feld et al. (2024) den häufig vorgetragenen Kritikpunkt zu entkräfteten, die Schuldenbremse behindere staatliche Investitionen. Die verwendete synthetische Kontrollmethode...

Various options are being discussed to increase Germany's defense capabilities. Increasing the size of the Bundeswehr is proving difficult, and compulsory military service hardly seems feasible for economic and socio-political reasons. A European army and technological alternatives such as...

Welche Effekte hatte das Bundesverfassungsgerichtsurteil von 2023 zum Nachtragshaushalt 2021 und damit zur Anwendung der Schuldenbremse auf die öffentlichen Investitionen in Deutschland? Dieser Beitrag zeigt, dass das Urteil nur einen moderaten negativen Effekt im Bundeshaushalt hatte, dessen...

The COVID-19 pandemic highlights the importance of information and communications technology (ICT) not only for the economy but also for human well-being. However, the investment gap in ICT infrastructure has been growing and is expected to reach more than $30 billion by 2040. We argue that one...

Social and economic infrastructure are essential for economic development. However, over the last three decades, many infrastructure projects in developing countries have failed. These failures raise the question as to the role of governments in the provision, and longevity, of much needed...

This study aims to examine the impact of infrastructure on firm performance in nine CAREC countries: Afghanistan, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, and Uzbekistan. Empirical analysis is based on the enterprise survey for 2009, 2013, and 2019....

This study examines the effects of logistics infrastructure on export variety, as measured by the extensive margin. Using finely disaggregated exports data for Turkey’s trade with 174 countries over the period 2007–2017, we decompose gross export flows into the extensive and intensive...

The significance of the Belt and Road Initiative (BRI) of the People's Republic of China (PRC) for Europe is increasing. The diplomatic initiative "16+1," comprising 11 Central and East European EU member states and five Western Balkan economies, expanded to a "17+1" format in April 2019, when...