Ricardo Marto

Investing in Public Infrastructure

Roads or Schools?

Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the...

Collect More, Spend Better

Public Investment in Asian Frontier Markets

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how imp...

The Long-Run Decoupling of Emissions and Output: Evidence from the Largest Emitters

For the world's 20 largest emitters, we use a simple trend/cycle decomposition to provide evidence of decoupling between greenhouse gas emissions and ...

Building Resilience to Natural Disasters: An Application to Small Developing States

We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and...

Decoupling of Emissions and GDP: Evidence from Aggregate and Provincial Chinese Data

We provide a comprehensive analysis of the relationship between greenhouse gas (GHG) emissions and GDP in China using both aggregate and provincial da...

The Long-run Decoupling of Emissions and Output

Rvidence from the Largest Emitters

For the world's 20 largest emitters, we use a simple trend/cycle decomposition to provide evidence of decoupling between greenhouse gas emissions and ...