This paper addresses the important question of whether public investment spending on economic infrastructure enhances economic growth and labor productivity in Argentina. Following the lead of the endogenous growth literature, it presents a simple modified production function that explicitly includes the positive or negative externality effects generated by public investment. Using cointegratio...

The Effects of Public and Higher Education on the Economic Growth in Iran A. Naaderi, Ph.D. Assessing the effects of educational investments on economic growth is of special interest to both scholars and policy makers, yet the research findings in this area, especially in countries like Iran, do not provide the necessary platform for decision making. The present study not only assesse...

Public inputs play an important role in investment decisions made by multinational firms. Empirical research suggests that investment in public inputs such as infrastructure can have direct effects on productivity by lowering the average cost curve for private firms, as well as indirect effects by creating positive externalities associated with agglomeration. A general equilibrium model of a sm...

We applaud the advances in this colloquy and the areas of convergence that are emerging. However, this reply points out that the purported benefits of “bait and switch” found in Hess and Gerstner (1998) are predicated upon (i) only a single component (availability) within the broader domain of bait and switch; (ii) the assumption that one of the parameters in the consumer utility function diffe...

This article analyzes determinants of growth across labor markets in the United States, using a production function approach based on four inputs: labor, manufacturing investment, human capital investment, and public capital investment. We find little role for public capital investment in growth, but that manufacturing investment spurred growth in nonmetropolitan areas, in contrast to metropoli...

BACKGROUND Health care is a less important determinant of health than behaviour and the environment but paradoxically, spending on health in most countries suggests the opposite. What determines these health policy and funding decisions, and might there be ways to increase investment in public health? METHODS Published papers, reviews and reports on the cost-effectiveness of public health int...

middle east countries have begun to implement economic reforms to stimulate private investment, promote economic growth and support the transition to market economy. although, it is difficult to define the direct impact of the accounting system reform on economic transformation, as there are many other conditions that have influence on the transition process. however, with the central position ...

This study investigates the impact of corruption on public and private investment in African countries as a way of exploring one channel through which corruption undermines growth. The empirical results indicate that corruption affects economic growth directly and through its impact on investment. We find that corruption has a negative and significant effect on domestic investment and that corr...