Urban rail transit is the construction project under the planning and huge investment of the government. How to effectively conduct investment regulation and control becomes the core question that the government departments are concerned about. In this paper, the relations among government, owner and contractor are studied and the static and dynamic game model is built for behaviors among each ...

This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional dynamic stochastic general equilibrium models. The analysis considers two factors that are crucial to understanding the effect of government investment: implementation delays for building public capital projects and future fiscal adjustments to debt-financed spending. T...

We use a rich dataset of regional government expenditures for Japan during the 1990-2000 period to estimate from within-prefecture variation the multiplier of government investment and government consumption expenditures. Our main finding is that government spending did not have multipliers effects that are on average larger than one. Government investment had a positive and significant effect ...

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...

BACKGROUND The World Health Report 2000 stated that increased public financing for healthcare was an integral part of the efforts to achieve equity of access. In 2009, the Chinese government launched a three-year health reform program to achieve equity of access. Through this reform program, the government intended to increase its investment in primary healthcare institutions (PHIs). However, r...

The federal government buys many goods and services that are expected to increase private-sector productivity—that is, the ability of the private-sector workforce, using the stock of capital, to produce goods and services. Such purchases by the federal government are called investment. In an earlier report, the Congressional Budget Office examined various aspects of federal investment itself, s...

In this paper, we analyse the fiscal policy orientation of the developing economy of Sri Lanka in the context of the growth performance of the economy during the period 1975-2000, using an integrated input-output and macroeconometric model. The paper draws upon the Government’s policy approach towards faster economic growth. The empirical findings show that the Government’s budget deficits are ...

This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies if highly productive lab...

Using the high-power setting of newly privatized firms from 64 countries, we examine the relationship between ownership type and firm-level capital allocations as captured by investment sensitivity to stock price. Consistent with our predictions that government and foreign institutional owners are associated with different levels of information asymmetry and agency problems, we find strong and ...