INFRASTRUCTURE INVESTMENT AND GROWTH: SOME EMPIRICAL EVIDENCE

Contemporary Economic Policy - Tập 16 Số 1 - Trang 98-108 - 1998
Blanca Sanchez‐Robles1
1*This is a revised version of a paper presented at the Western Economic Association International 71st Annual Conference, San Francisco, Calif., June 28–July 2, 1996. The author thanks two referees, an editor of Contemporary Economic Policy, and A. Argandoña, R. Barro, P. Coto, S. Rebelo, P. Romer, and J. Villaverde for helpful comments. The usual disclaimer applies.

Tóm tắt

This paper explores empirically the relationship between infrastructure and economic growth by including the data of expenditure in infrastructure as a share of GDP in traditional growth cross‐country regressions. Since results are inconclusive, the paper elaborates some new indicators of investment in infrastructure employing physical units of infrastructure. They are positively and significantly correlated with growth in two different samples of countries.

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Contemporary Economic Policy

Tập 16 Số 1

98-108

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