“...This article assesses the productivity effects of infrastructure operation and maintenance (O&M) spending by state and local governments in the 48 contiguous...”

“...This paper studies optimal fiscal policy, in the form of taxation and the allocation of tax revenues between infrastructure and environmental investment, in a...”

“...This paper studies the role of Ramsey taxation under the assumption that the individual rate of time preference is determined by the publicly provided social...”

“...In this paper we estimate the single-factor Consumption Capital Asset Pricing Model (C-CAPM) over the frequency domain. We modify the standard two-step...”

“...Foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent seeking as opposed to productive activities. We construct a...”

“...Data published by the US Congressional Budget Office show that over the last fifty years expenditures for infrastructure’s operations and maintenance (O&M)...”

“...Received wisdom suggests that 'excessive' wages, defined as the part of real wages that do not follow labour productivity developments, are adversely...”

“...This paper investigates the link between real stock price changes and economic growth. We develop a simple growth model, which presents the relationship...”

“...In this paper we present an endogenous growth model with foreign transfers for public capital formation in order to analyze the implications for growth...”

“...The article revisits the relationship between growth and public productive expenditures by investigating the growth impact of “new” public investment along...”