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.

Determinants of government consumption expenditure in developing countries : a panel data analysis

The paper focuses on the recent pattern of government consumption expenditure in developing countries and estimates the determinants which have influenced government expenditure. Using a panel data set for 111 developing countries from 1984 to 2004, this study finds evidence that political and institutional variables as well as governance variables significantly influence government expenditure. Among other results, the paper finds new evidence of Wagner's law which states that peoples' demand for service and willingness to pay is income-elastic hence the expansion of public economy is influenced by the greater economic affluence of a nation (Cameron1978). Corruption is found to be influential in explaining the public expenditure of developing countries. On the contrary, size of the economy and fractionalization are found to have significant negative association with government expenditure. In addition, the study finds evidence that public expenditure significantly shrinks under military dictatorship compared with other form of governance.

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En port. grab. calc. alegórico representando santos dominicos y esc. del cardenal Don Francisco Dávila

Commentariorum in Isaiam prophetam iuxta sensum litteralem & moralem : cum annotationibus Sanctorum Patrum, & aliquibus animaduersionibus in gratiam Prædicatorum in vnum collectis, tomus primus / auctore R.P.M.F. Didaco Aluarez à Medina ... Ord. Praed. .

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Sermones / sancti bernardini ordi[n]is minoru[m].

Pie de imp. tomado de IBE

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Moralitates Roberti Olchot : Verbum Dei euangelizantibus per vtiles : cum ali quibus additionibus de nouo in eas interpositis.

Pie de imp. tomado del colofón

Moralitates Roberti Olchot : Verbum Dei euangelizantibus per vtiles : cum ali quibus additionibus de nouo in eas interpositis.

Pie de imp. tomado del colofón

Beati Isidori Hispalensis Archiepiscopi, De officijs Ecclesiasticis libri duo.

Marca tip. en port. (Vandeweghe y Beeck, p. 252, merk 3)