Academics and policy makers have long considered an adequate supply of infrastructure
services to be essential for economic development. This paper reviews recent theoretical …

The theoretical literature gives conflicting predictions on how bank competition should affect
financial stability, and dozens of researchers have attempted to evaluate the relationship …

The empirical literature on the impact of corporate taxes on economic growth reaches
ambiguous conclusions: corporate tax cuts increase, reduce, or do not significantly affect …

This paper provides new evidence of the macroeconomic effects of public investment in
advanced economies. Using public investment forecast errors to identify the causal effect of …

Public capital can play an important role in increasing long-run output and standards of
living. Because of nonrivalry in consumption, non excludability in use, or both, the private …

Investments in transport infrastructure have been widely used by decision makers to
encourage economic growth, particularly during periods of economic downturn. There has …

The growing concerns of environmental degradation call for attaining higher green growth
(GRG) in both developing and developed countries. Therefore, achieving a higher GRG has …

This paper constructs an efficiency-adjusted public capital stock series and re-examines the
public capital and growth relationship. The paper also examines the effects of four specific …

The aim of this study is to synthesize the current literature on infrastructure and growth by
determining sources of variation in empirical results by means of a meta-analysis. We use …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose
to work in the public or private sector and to vote Democratic or Republican. In equilibrium …