By J. C. R. Dow
Difficult permitted knowledge of economic conception, this research of the speculation of financial coverage in England analyzes the habit of the banking method and the problems of relevant financial institution regulate, and argues that cash construction is an endogenous procedure, made up our minds in part via the associated fee point.
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Additional resources for A critique of monetary policy: Theory and British experience
The Canadian Experience,” Economic Inquiry, Vol. 43(3), pp. 586–600. ” EIB Papers, Vol. 10(1), pp. 72–93. ——, 2006, “New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960–2001,” IMF Staff Papers, Vol. 53(1), pp. 120–50. Krugman, P. , 1991, “Increasing Returns and Economic Geography,” Journal of Political Economy, Vol. 99, pp. 483–99. Munnell, A. , 1990a, “Why has Productivity Growth Declined? Productivity and Public Investment,” New England Economic Review (January/February), pp.
The UK alone accounts for more than half of the signed value of all PPP contracts within the EU. 12 In all other countries even the stock value of signed PPP contracts is small compared with annual public investment ﬂows. 6 Public investment with and without PPPs in the UK Sources: OECD and HM Treasury. in Greece, especially before the turn of the millennium, their macroeconomic and systemic signiﬁcance has been limited by the small number of large-size individual projects. In contrast, countries such as Italy and Spain have had a relatively large number of PPP projects, but these have tended to be of small size, thus remaining of limited macroeconomic signiﬁcance.
Some measurement issues Most of the issues raised in the scant theoretical literature concern the concept of infrastructure. Hence, the existence of public good or network characteristics is often decisive and ownership is of subordinate importance in classifying different types of capital. In the empirical literature, however, it is basically the other way around. Researchers are forced to use the available data. 3 This results in a mismatch between the theoretical and empirical work, the consequences of which are rarely discussed.