He goes on to name a number of "innovations" that stemmed from government expenditures on infrastructure.
The major parts of the stimulus packages consisted of credit and financing for private companies, a bonus depreciation plan, additional funds for R&D, subsidies for thermal rehabilitation of buildings, a car scrappage program ("cash-for-clunkers") and increased public expenditures on infrastructure.
So now we have to make these fiscal consolidation programmes more growth-friendly - less taxes, less government expenditure, more expenditure on infrastructure.
Economic resilience All parties are committed to multibillion pound capital expenditure on infrastructure, but new runways and the dualling of more A roads will make the UK less resilient to increasing energy prices or efforts to rebalance the economy.
Chinese companies in particular are wooing African governments with lavish expenditure on infrastructure.McKinsey points out that the natural-resource sector accounts for only about a third of the continent's growth.
By utilising the cloud, companies can scale their infrastructure depending on demand, lower the capital expenditure on infrastructure and software, and reduce the maintenance costs for their IT architecture, allowing them more time to focus on innovation and other business critical tasks.
And this, perhaps, would be only partly ideological: it would be to catch up with what the Congressional Budget Office already does in the US; and, if done consistently, there would be occasions when such modelling would show that incremental public expenditure, on infrastructure, for example, would do more to boost economic activity than some kinds of tax reductions.
After the Commonwealth Games circus has left town, there won't be a better time to visit Delhi, with renovations of the capital's old buildings and a huge expenditure on infrastructure making Delhi gleam, at least in parts.
Analysts had been speculating that Beijing would increase government expenditure on infrastructure and manufacturing beyond what is called for in the 4 trillion yuan stimulus package ($584.1 billion) that it unveiled in November.
Garcia-Alonso e Martin-Bofarull [23] concludes that seaport authorities should not base their success in competing with other seaports for maritime traffic on the volume of their expenditure on infrastructure.
In 20 years in politics, 15 years in elected office, never has a person not compensated by a telecom company come up and say, 'Hey, I hate Title II.' ". Chairman Pai listed several negative effects apparently linked to the Open Internet Order, specifically a drop in capital expenditure on infrastructure by broadband companies.
