We investigate the impact on intertemporal distribution caused by a change of policy from tax to deficit financing of public investment, using a simple theoretical framework which combines the one-period McGuire-Olson economy with the conventional long-run Solow economy. This theoretical framework provides a simple way to highlight some significant interdependencies between private and public investments as well as the negative impact of taxation on aggregate productivity, and to trace some possible transmission mechanisms between deficit financing policies and the long-run path of consumption per head. The main tentative (theoretical) result is that although under fairly acceptable assumptions the likely impact of a deficit financing policy is to benefit the present at the expense of the future, under equally acceptable assumptions concerning the possibility of an excessive macro private saving–investment propensity, and/or of a significant productivity loss due to the excess burden of taxation, the adverse intertemporal distributional impact of deficit financing might become negligible, or even disappear altogether.
Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.
To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents the LTGM public capital extension and accompanying freely downloadable Excel-based tool. It also constructs a new infrastructure efficiency index, by combining quality indicators for power, roads, and water as a cardinal measure of the quality of public capital in each country. In the model, public investment generates a larger boost to growth if existing stocks of public capital are low, or if public capital is particularly important in the production function. Through the lens of the model and utilizing newly-collated cross-country data, the paper presents three stylized facts and some related policy implications. First, the measured public capital stock is roughly constant as a share of gross domestic product (GDP) across income groups, which implies that the returns to new public investment, and its effect on growth, are roughly constant across development levels. Second, developing countries are relatively short of private capital, which means that private investment provides the largest boost to growth in low-income countries. Third, low-income countries have the lowest quality of public capital and the lowest efficient public capital stock as a share of GDP. Although this does not affect the returns to public investment, it means that improving the efficiency of public investment has a sizable effect on growth in low-income countries. Quantitatively, a permanent 1 ppt GDP increase in public investment boosts growth by around 0.1–0.2 ppts over the following few years (depending on the parameters), with the effect declining over time.
The objective of this study was to evaluate the growth of four lettuce cultivars in Southern Piauí to recommend the best ones for the region. The experiment was conducted in a greenhouse with randomized blocks, with evaluation in subdivided time plots, evaluated in six seasons (20, 24, 28, 32, 36, 40 days after sowing—DAS) and with treatments corresponding to four cultivars (Americana Rafaela®, Grand Rapids TBR®, Crespa Repolhuda® and Repolhuda Todo ano®) with five repetitions. Leaf area, number of leaves, collar diameter, aboveground fresh mass, aboveground dry mass, root dry mass and total and the physiological indices of growth analysis were evaluated. The lettuce cultivars interfered significantly in the studied parameters, being that Americana Rafaela® and Repolhuda todo ano®, in the conditions that they were submitted, presented better performances and bigger morphophysiological indexes, cultivated in pot. The cultivars Americana Rafaela® and Repolhuda todo ano® can be produced under the conditions of the south of Piauí.
Increasing water consumption has increased using of synthetic nutritional methods for enriching groundwater resources. Artificial feeding is a method that can save excess water for using in low level water time in underground. The purpose of this study is to evaluate the performance of the flood dispersal and artificial feeding system in the Red Garden of Shahr-e-Daghshan and improving, saving quality of the groundwater table in the area. In order to investigate the performance of these plans, an area of 1570 km2 was considered in the Southern of Shah-Reza. The statistics data from 5 years before the design of the plans (1986-2002) related to flood control fluctuations in 20 observation wells and many indicator Qanat were surveyed in this area. The annual fluctuations in the level of the station show a rise in the level of the station after the depletion of the plan. Dewatering of the first and second turns, with an increase of more than one meter above groundwater level, has had the highest impact on the level of groundwater table in the region. Reduced permeability at sediment levels, wasted flood through evaporation and wasteful exploitation of groundwater resources, cause to loss of the impact on the increase in the level and quality of groundwater in the area, especially in the dry, drought season and recent high droughts.
For five different regions in Kırklareli province, heavy metals; such as Pb, Ni, Cu, Mn, Cd, Cr, Co, Zn, Mo, and Fe in the mixture of leaves and flowers from linden trees (Tilia tomentosa L.) were analyzed by using flame atomic absorption spectroscopy after the samples were dissolved with microwave method. Also, organochloride pesticides; such as ∑BHC: [α-BHC, β-BHC, γ-BHC, and δ-BHC], ∑DDT: [4,4’-DDD, 4,4’-DDE, and 4,4’-DDT], α-Endosulfan, β-Endosulfan, Endosulfan sulfate, Heptachlor, Heptachlor-endo-epoxide, Aldrin, Dieldrin, Endrin aldehyde, Endrin ketone, Endrin and Methoxychlor in these samples were determined by utilizing gas chromatography mass spectroscopy after the samples were prepared for analyses by using QuEChERS method. The metal concentrations in the samples were in the range of 45.3 to 268 mg/kg for Mn, 0.25 to 18.8 mg/kg for Cu, 11.5 to 46.1 mg/kg for Zn, 128 to 1310 mg/kg for Fe, 10.4 to 38.6 mg/kg for Mo, 0.82 to 1.34 mg/kg for Cd, 0 to 6.45 mg/kg for Ni, 0 to 19.2 mg/kg for Pb, and 0 to 8.25 mg/kg for Cr. Moreover, the concentrations of organochloride pesticides in samples were usually determined to be lower than their maximum residue level values given the pesticide residue limit regulation of Turkish Food Codex.
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