investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …

This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of … government investment or consumption. Given considerable uncertainty about the efficiency returns of alternative uses of …

private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of … or may not improve economic efficiency …

between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady …-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment …

The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

between inputs and outputs as described in a standard accounting framework shows that there is more to the contractions than … collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors …