Infrastructure development and economic growth in China

China is the fastest growing country in the world for last few decades and one of the defining features of China's growth has been investment-led growth. China's sustained high economic growth and increased competitiveness in manufacturing has been underpinned by a massive development of physical infrastructure. In this context, we investigate the role of infrastructure in promoting economic growth in China for the period 1975 to 2007. Overall, the results reveal that infrastructure stock, labour force, public and private investments have played an important role in economic growth in China. More importantly, we find that Infrastructure development in China has significant positive contribution to growth than both private and public investment. Further, there is unidirectional causality from infrastructure development to output growth justifying China's high spending on infrastructure development since the early nineties. The experience from China suggests that it is necessary to design an economic policy that improves the physical infrastructure as well as human capital formation for sustainable economic growth in developing countries.

Do international flights promote FDI? : the role of face-to-face communication

Air transportation facilitates face-to-face interactions across borders for the spatial expansion of manufacturing production. I investigate the impact of international flights on FDI entry by Japanese firms. I find that FDI entry significantly increases with the weekly frequency of flights from Japan, and the positive impact increases with a proxy for an intensity of face-to-face communication between the parent firm and foreign affiliate. The results are robust to estimation methods, additional control variables, and definitions of face-to-face communication. Thus, the results suggest that flights encourage FDI entry through a reduction in face-to-face communication costs.

Jesus-Christoren imitacionea / M. Chourio Donibaneco erretorac escararat itçulia.

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Habes humane lector, Gabrielis de Tarrega ... opera breuissima, theorica[m] et prathica[m], medicinalis scie[n]tie pro maiori parte amplexa[n]tia facili ingeniosoq[ue] stillo per ipsum accumulata, medicis instrue[n]dis utilissima ...

Fecha tomada del colofón en M4v de la cuarta secuencia

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Sign.: A-B4, C3, D-M4, a-i4, k6

Diui Clementis Recognitionum libri X ad Iacobum fratem domini / Rufino Torano Aquileiense interprete ; cui accessit non poenitenda epistolarum pars vetustissimoru[m] Episcoporum, hactenus non visa, eoru[m] qui ab hinc an. M.CC. Romanae ecclesiae praefueru

Marca tip. en M4v

Hieronymi Balbi ... de Ciuili Bellica Fortitudine liber, ex Mysteriis Poetae Vergilii nunc primum depromptus, cui additus est alter continens Turcarum originem, mores, Imperium, aliaq[ue] praeclara scitu, cognituq[ue] dignissima.

Sign.: A-B4, C3, D-M4, a-i4, k6

Diui Clementis Recognitionum libri X ad Iacobum fratem domini / Rufino Torano Aquileiense interprete ; cui accessit non poenitenda epistolarum pars vetustissimoru[m] Episcoporum, hactenus non visa, eoru[m] qui ab hinc an. M.CC. Romanae ecclesiae praefueru

Marca tip. en M4v