Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24932
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dc.contributor.authorGhate, Chetanen_US
dc.date.accessioned2007-03-06en_US
dc.date.accessioned2009-05-08T15:23:44Z-
dc.date.available2009-05-08T15:23:44Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/24932-
dc.description.abstractWe construct a simple political economy model with imperfect capital markets to explain infrastructure investments across Indian states. The model predicts that: i) the fixed cost of accessing the modern sector, ii) the initial stock of infrastructure, iii) median voter wealth, and iv) corruption, can all potentially explain why different states have different level of infrastructure investments. The theoretical model is motivated by recent empirical work on India that argues that there as on why per capita income across Indian states have diverged is because of the distribution of infrastructure investments. The model suggests that reducing leakages in funds earmarked for infrastructure and reducing the ?xed costs of accessing the modern sector - beyond their other well known effects - are policy complements. Together, they can incentivize politicians to spend more on infrastructure.en_US
dc.language.isoengen_US
dc.publisher|aMax-Planck-Inst. für Ökonomik|cJenaen_US
dc.relation.ispartofseries|aPapers on entrepreneurship, growth and public policy|x0707en_US
dc.subject.jelP16en_US
dc.subject.jelE62en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordPublic investmenten_US
dc.subject.keywordpositive political economyen_US
dc.subject.keywordmedian voter theoremen_US
dc.subject.stwInfrastrukturinvestitionen_US
dc.subject.stwTeilstaaten_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwRegionale Entwicklungen_US
dc.subject.stwRegionale Disparitäten_US
dc.subject.stwMedian Voteren_US
dc.subject.stwIndienen_US
dc.titleThe political economy of infrastructure investment in Indiaen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn525338802en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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