This paper presents evidence on the contribution of public capital (infrastructure) to aggregate economic performance using panel data for the U.S. states from 1970 to 2005. Attempts to quantify the role of public or government capital in the production of aggregate output have been beset by thorny econometric issues since the early 1990s. We present estimates of the output elasticity of public...

A key feature of recent work on barriers to technology adoption is the assumption that monopoly rights of insiders are limited by the ability of industry outsiders to enter. This paper endogenizes the decision of a government to provide barriers to technology adoption alone or in combination with barriers to entry of outsiders. Using a political economy model, we find that a government provides...

one of the most important objectives of any economic system is to achieve to low and stable inflation and sustained economic growth. in this study, first, bayesian causal is indentified effective factors on inflation and then using bayesian causal network and determining prior probabilities and posterior probabilities in different scenarios,it is discussed the impacts of this factors on inflati...

abstract main objective of this paper is the investigation the effect of support policies of government on income risk of poultry producers in iran for the 1989-2006. ccv index was used to investigate amount of variation that cause each support policies (market price support, support of agricultural inputs, outputs insurance) on income risk variation of producers. the results of this study show...

the aim of this research is to analyse of empirical relationship of fiscal policy and iranian trade account in the years 1338-1385(1959-2006). in and econometrics model the methods of engle and granger (1987), johansen (1988), ardl, pessaran and shin(1998), philips and hansen(1990), have been used to find out the effects of variables such as government expenditures(the component of public deman...

abstract considering the role of health in human life, economic growth and social development, we can express that; human source is both means and aim of economic growth. in prior studies about human capital and economic growth, the main emphasis was on educational capital and the role of health capital was not considered seriously. the present study tries to investigate the relationship betwee...