This paper evaluates a large urban public works program randomly rolled out across neighborhoods of Addis Ababa, Ethiopia. We find that the program increased public employment and reduced private labor supply among beneficiaries and improved local amenities in treated locations. We then combine...

In the coalition agreement, the new federal government holds out the prospect of a 'decade of investment for the future'. It thus recognises that considerable additional investment-related government spending is necessary to overcome the investment backlog in Germany and promote the...

In the coalition agreement, the new federal government holds out the prospect of a “decade of investment for the future”. It thus recognises that considerable additional investment-related government spending is necessary to overcome the investment backlog in Germany and promote the...

Über die vergangenen Jahre stellte sich der Status quo der Kommunalfinanzierung in Deutschland als recht stabil dar. Der Kommunalkredit ist dabei insbesondere für die Investitionen eine zentrale Säule der Finanzierung. Größere Veränderungen waren in den letzten Jahren sowohl auf der...

To study the effects of neighborhood and place-based interventions, this paper incorporates neighborhood effects into a general equilibrium (GE) heterogeneous-agent overlapping-generations model with endogenous location choice and child skill development. Importantly, housing costs as well as...

Die Infrastrukturinvestitionen nehmen seit Jahren ab. Insbesondere die Gemeinden haben drastisch weniger investiert, nicht wegen eines geringeren Bedarfs, sondern wegen erheblicher Finanzprobleme in der Vergangenheit. Über den langen Zeitraum sind auch Planungs- und Genehmigungskapazitäten...

This review is framed around the exploration of a central hypothesis: A shift in public investment toward secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...

Die Bundesregierung plant weitere Maßnahmen, um Länder und Kommunen bei der Überwindung des Investitionsstaus zu unterstützen. Insbesondere soll eine Grundgesetzänderung nun generell Finanzhilfen des Bundes für bedeutsame Investitionen in die kommunale Bildungsinfrastruktur ermöglichen...

Despite a world awash with liquidity, large infrastructure supply gaps exist across developing and emerging markets. Infrastructure has been largely decentralized to subnational governments in many countries, and many policymakers are keenly interested in developing subnational bond markets to...

This review is framed around the exploration of a central hypothesis: A shift in public investment towards secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...

This review is framed around the exploration of a central hypothesis: A shift in public investment towards secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...

Despite a world awash with liquidity, large infrastructure supply gaps exist across developing and emerging markets. Infrastructure has been largely decentralized to subnational governments in many countries, and many policymakers are keenly interested in developing subnational bond markets to...

This review is framed around the exploration of a central hypothesis: A shift in public investment toward secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...

Bolivia's 1994 decentralization led to changes in the geographic allocation of funds and to the development of innovative institutions of local governance. The changes in the sectoral (and geographic) allocations of public funds show a strong relationship with objective indicators of social...

When the world is fighting against poverty and hunger, a new concept has emerged in the last couples of decades as Microfinance that prove loan to marginal and underprivileged people. Considering the nature and field of operation including increasing requirements, the outreach and sustainability...

Einleitung -- Rechtsformauswahl -- Gründungsprozess und erste Projekte -- Ressourcen und Geschäftsfelder in den Regionen -- Vorteile der Technologien für die Region -- Finanzierung und Versicherung der Vorhaben -- Gesetzliche Rahmenbedingungen und Rentabilität der Vorhaben --...

This report focuses on the challenges of governing infrastructure investment and public-private partnerships (PPPs) at the subnational level. Subnational governments – cities and regions – play a vital role in the infrastructure landscape. Infrastructure needs in energy, transport, water and...

This review is framed around the exploration of a central hypothesis: A shift in public investment toward secondary towns from big cities will improve poverty reduction performance. Of course, the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...

This book examines the scope of the infrastructure challenge in Sub-Saharan Africa and the constraints to scaling up at an affordable cost. It assesses the experiences of African countries with school planning, school facility designs, construction technologies, and construction management over...

Modeling a micro-structure of agglomeration economies, this article derives a second-best benefit evaluation formula for urban transportation improvements. Without explicitly modeling the sources of agglomeration economies, Venables (JTEP 2007) investigated the same problem. This article...

This paper studies the efficacy of China's financial reforms in helping the central monetary authority to achieve its goals of macroeconomic stabilization. A local-local monetary game is presented which examines the investment competition between local governments in different hypothetical...