threshold level of public capital maintenance for ongoing growth. We also examine the fiscal implications of public capital … maintenance policies and we find that the composition of public capital expenditures under congestion is a crucial determinant of …In this paper we study the equilibrium properties of an endogenous growth model, in which public maintenance …

capital, improves external competitiveness and counteracts external imbalances. An ex-ante budget-neutral switch of government …

capital, improves external competitiveness and counteracts external imbalances. An ex-ante budget-neutral switch of government …

-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt … investment profile is more favorable than front-loading capital spending because we assume governments are able to gradually … learn how to invest more efficiently, accelerating public capital accumulation and therefore growth. We discuss the pros and …

states' capital investments, transfers to local governments, and spending in areas like education and transportation … in these expenditures. The length of state budgetary and legislative cycles predicts the volatility of capital … occur disproportionately in areas with significant year-to-year variation (e.g., the capital portion of the budget and …