Search results for "Public infrastructure"
showing 10 items of 10 documents
Regulation of Investments in Infrastructure: The Interplay between Strategic Behaviors and Initial Endowments
2012
This paper explores the dynamic properties of price-based policies in a model of competition between two jurisdictions. Jurisdictions invest over time in infrastructure to increase the quality of the environment, a global public good. They are identical in all respects but one: initial stocks of infrastructure. This is a dynamic type of heterogeneity that disappears in the long run. Therefore, at the steady state, usual intuitions from static settings apply: identical jurisdictions inefficiently underinvest, calling for public subsidies. In the short run, however, counterintuitive properties are established: (i) the evolution of capital stocks can be nonmonotonic and (ii) one jurisdiction c…
Fair Planning and Affordability Housing in Urban Policy. The Case of Syracuse (Italy)
2016
Equalization can be implemented in the planning process by means of several tools. The Syracuse’s Master Plan has used “urban negotiation” to obtain land for facilities and public infrastructure in different urban areas basing on the rule of the transfer of a portion of land in return for the building permission for the remaining part of each property to be developed. The Master Plan also aimed at providing social housing because the economic crisis has amplified the gap between housing market prices and household income. This study proposes an equalization and compensation model to support the urban negotiation for providing the indexes of a fair and convenient development of several inter…
Explaining Ethiopia’s Growth Acceleration—The Role of Infrastructure and Macroeconomic Policy
2017
Summary Ethiopia has experienced an impressive growth acceleration over the past decade. This was achieved on the back of an economic strategy emphasizing public infrastructure investment supported by heterodox macro-financial policies. This paper identifies the drivers of Ethiopia’s recent growth episode and examines the extent to which they were typical or unique. It combines country-specific information with the results of a cross-country panel regression model. We find that Ethiopia’s growth is explained well by factors correlating with growth in a broad range of countries in recent decades, including public infrastructure investment, restrained government consumption, and a conducive e…
Ethiopia's Growth Acceleration and How to Sustain It—insights from a Cross-Country Regression Model
2015
Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country’s growth performance during 2000–13, the paper employs a neoclassical cross-country System Generalized Method of Moments regression model. The analysis finds that accelerated growth was driven by public infrastructure investment and restrained government consumption, and supported by a conducive external environment. Macroeconomic challenges arising from declining private credit, real currency overvaluation, and relatively high inflation held back some growth. The model…
Complementarity between human capital and public infrastructure in industrial comparative advantage
2021
The article examines the role of public capital as an infrastructure service in the acquisition of industrial comparative advantages. To achieve this in this framework, we develop a theoretical model highlighting the complementarity between public and human capital as a mechanism of industrial development, and test this idea using sectoral panel data from 1999 to 2014 across 35 advanced and less advanced countries. Our results show that the sustainable acquisition of a comparative advantage in the production of industrial goods can only be guaranteed by accumulating public capital and human capital. It shows that public infrastructure can only generate industrialization when it is made avai…
Impact evaluation of EU funds: Examples in infrastructure projects
2011
Being one of investment areas within EU Cohesion policy the sector of public infrastructure frequently faces the issue of efficiency. This issue largely arises from the lack of theoretical and practical concepts on how the evaluation techniques could achieve rigorous estimations of the investment impact on the current processes in the sector. The present paper seeks to contribute to these discussions by defining crucial problems in developing rigorous estimations relevant to public infrastructure projects and setting the assumptions. The research method is comparative and logical analysis of the theoretical concepts, methods and conclusions, published in scientific literature including poli…
The Effect of Public Infrastructure on the Private Productive Sector of Spanish Regions
2002
In this paper we analyze the effect of infrastructure on the cost and productivity performance of the private productive sector of Spanish regions over the period 1980–1993. We use a dual approach based on cost functions that allows us to recover the usual parameters estimated with production functions. In addition, we obtain rates of return and cost elasticities of production factors at the regional level. Our framework explicitly considers that some factors are quasi-fixed and their volume can differ from their optimal endowment levels. Our results indicate that the public sector has contributed significantly to enhance productivity and reduce costs in the private sector of almost every S…
Local Equalization and Wide Areas Land Planning in Syracuse
2016
Abstract The implementation process of the Syracuse's Master Plan is characterized by the widespread use of “urban negotiation”. The Municipality has drawn up a protocol aimed at obtaining areas for facilities and public infrastructure in different areas basing on the rule of the transfer of a portion of land in return for the building permission for the remaining part. Since these areas are variously characterized, the negotiation process may not be fair to Municipality or convenient to land owners. Basing on an equalization pattern, this study provides, for each area, the indexes of fairness and convenience, and, more specifically, the difference between the market value of the areas achi…
The endogeneous nature of the dynamic analysis among classical economist's writings
1998
« Endogenous growth theories » exhibit different models in which growth is assumed to come from the accumulation of a particular factor (human capital, technology, public infrastructures, etc.). However, due to its newness, the real term of « endogenous growth » seems to playdown old theories.This paper intends to put right this position and demonstrate that relations displayed by current models are only formalizations stemming from the developments of classical economists. In the end, we demonstrate that their analysis yields new viewpoints for analysts. Overall, we wish to reinforce theendogenous nature of the dynamic analysis among classical economist's writings.
Manufacturing export performance and public capital: an analysis by country technology position
2021
The objective of this paper is to examine the relationship between public capital and manufacturing export performance. It also aims at investigating whether this relationship depends on the proximity of a country's technology frontier. To achieve this, we adopted a methodology that estimates the elasticities of public capital as a non-rival factor in a model that considers factor intensity as a mechanism of industrial development. We use an interaction model with panel data from 1999 to 2014 across 35 advanced and less advanced countries. Our results show that in countries far from the technology frontier, public capital accumulation is an element of industrial development as opposed to co…