Transport infrastructure and long-run economic growth in OECD countries

Acharya, 2009, Technology transfer through imports, Can. J. Econ., 42, 1411, 10.1111/j.1540-5982.2009.01550.x Acemoglu, 2006, Distance to frontier, selection, and economic growth, J. Eur. Econ. Assoc., 4, 37, 10.1162/jeea.2006.4.1.37 Aghion, 1992, A model of growth through creative destruction, Econometrica, 323, 10.2307/2951599 Aghion, 1998 Aghion, 2006, Joseph Schumpeter lecture appropriate growth policy: a unifying framework, J. Eur. Econ. Assoc., 4, 269, 10.1162/jeea.2006.4.2-3.269 Aghion, 2005, The effect of financial development on convergence: theory and evidence, Q. J. Econ., 173 Aghion, P., Boustan, L., Hoxby, C., Vandenbussche, J., 2009. The Causal Impact of Education on Economic Growth: Evidence from the United States. Working Paper, Harvard University. Arnold, J., Bassanini, A., Scarpetta, S., 2007. Solow or Lucas? Testing Growth Models Using Panel Data from OECD Countries. OECD Working Paper, No. 592. Aschauer, 1989, Is public expenditure productive?, J. Monet. Econ., 23, 177, 10.1016/0304-3932(89)90047-0 Auerbach, A.J., Hassett, K.A., Oliner, S.D., 1993. Reassessing the Social Returns to Equipment Investment. NBER Working Paper, No. 4405. Barro, R.J., 1991. Government Spending in a Simple Model of Endogenous Growth. NBER Working Paper, No.2588. Baum, 2003, Instrumental variables and GMM: estimation and testing, Stata J., 3, 1, 10.1177/1536867X0300300101 Benhabib, 1994, The role of human capital in economic development evidence from aggregate cross-country data, J. Monet. Econ., 34, 143, 10.1016/0304-3932(94)90047-7 Boopen, 2006, Transport infrastructure and economic growth: evidence from Africa using dynamic panel estimates, Empirical Econ. Lett., 5, 38 Carreras, 2006, Long term growth of the Western European countries and the United States, 1830–2000, Cuadernos Económicos de ICE, 70, 25 Cellini, R., Torrisi, G., 2009. The Regional Public Spending for Tourism in Italy: An Empirical Analysis. MPRA Working Paper, No. 16131. Clark, C., 2012. The Sleepwalkers: How Europe Went to War in 1914. Penguin, UK. Coe, 1995, International R&D spillovers, Eur. Econ. Rev., 39, 859, 10.1016/0014-2921(94)00100-E De Long, 1992 De Long, 1991, Equipment investment and economic growth, Q. J. Econ., 106, 445, 10.2307/2937944 DeLong, 2012, Fiscal policy in a depressed economy [with comments and discussion], Brookings Pap. Econ. Act., 233, 10.1353/eca.2012.0000 Demetriades, 2000, Intertemporal output and employment effects of public infrastructure capital: evidence from 12 OECD economies, Econ. J., 110, 687, 10.1111/1468-0297.00561 Denison, 1967 Easterly, 1993, Fiscal policy and economic growth, J. Monet. Econ., 32, 417, 10.1016/0304-3932(93)90025-B Eaton, 2001, Trade in capital goods, Eur. Econ. Rev., 45, 1195, 10.1016/S0014-2921(00)00103-3 Égert, B., Koźluk, T., Sutherland, D., 2009. Infrastructure Investment: Links to Growth and the Role of Public Policies. OECD publishing, No.686. Engelbrecht, 1997, International R&D spillovers, human capital and productivity in OECD economies: an empirical investigation, Eur. Econ. Rev., 41, 1479, 10.1016/S0014-2921(96)00046-3 Esfahani, 2003, Institutions, infrastructure, and economic growth, J. Dev. Econ., 70, 443, 10.1016/S0304-3878(02)00105-0 Fernald, 1999, Roads to prosperity? Assessing the link between public capital and productivity, Am. Econ. Rev., 619, 10.1257/aer.89.3.619 Fernández, 2003, The effects of public capital on the growth in Spanish productivity, Contemp. Econ. Pol., 21, 383, 10.1093/cep/byg019 Finley, L.A. (Ed.), 2005. Focus on Economic Growth and Productivity. Chapter 6: Public Capital, Human Capital and Economic Growth: Portugal, 1977–2001, Nova Publishers. Ghani, 2006, The impact of public investment on economic growth in Pakistan, Pak. Dev. Rev., 87, 10.30541/v45i1pp.87-98 Gibson, J., 2011. Federal Investment in American Infrastructure: The Past, Present, and Future <http://www.examiner.com/article/federal-investment-american-infrastructure-the-past-present-and-future>. Gramlich, 1994, Infrastructure investment: a review essay, J. Econ. Lit., 32, 1176 Griffith, 2003, R&D and absorptive capacity: theory and empirical evidence, Scand. J. Econ., 105, 99, 10.1111/1467-9442.00007 Griliches, Z., 1990. Patent Statistics as Economic Indicators: A Survey. NBER Working Paper, No. w3301. Groote, 1999, Infrastructure and economic development in the Netherlands, 1853–1913, Eur. Rev. Econ. Hist., 3, 233, 10.1017/S1361491699000118 Grossman, G.M., Helpman, E., 1991. Comparative Advantage and Long-Run Growth, NBER Working Paper, No. 2809. Guo, 2011, Econometrical investigation on infrastructure investment and economic development in China: a case study using vector autoregression approach, KSCE J. Civil Eng., 15, 561, 10.1007/s12205-011-1095-y Ha, 2007, Accounting for trends in productivity and R&D: a Schumpeterian critique of semi-endogenous growth theory, J. Money Credit Bank., 39, 733, 10.1111/j.1538-4616.2007.00045.x Harchaoui, 2004, Public infrastructure in Canada, 1961–2002, Can. Pub. Pol., 303, 10.2307/3552304 Hausman, 1978, Specification tests in econometrics. Econometrica, J. Econ. Soc., 1251 Heintz, J., Pollin, R., Garrett-Peltier, H., 2009. How Infrastructure Investments Support the US Economy: Employment, Productivity and Growth. Political Economy Research Institute (PERI), University of Massachussetts Amberst. Herranz-Loncán, 2007, Infrastructure investment and Spanish economic growth, 1850–1935, Explor. Econ. Hist., 44, 452, 10.1016/j.eeh.2006.06.002 Howitt, 2000, Endogenous growth and cross-country income differences, Am. Econ. Rev., 829, 10.1257/aer.90.4.829 Howitt, 1998, Capital accumulation and innovation as complementary factors in long-run growth, J. Econ. Growth, 3, 111, 10.1023/A:1009769717601 Hulten, C.R., Schwab, R.M., 1991. Is there too Little Public Capital? Infrastructure and Economic Growth. American Enterprise Institute for Public Policy Research. Irmen, 2009, Productive government expenditure and economic growth, J. Econ. Surv., 23, 692, 10.1111/j.1467-6419.2009.00576.x Jayme Jr., F.G., da Silva, G.J.C., Martins, R.S., 2009. Public Expenditure on Infrastructure and Economic Growth Across Brazilian States, Cedeplar, Universidade Federal de Minas Gerais No.td346. Kamps, 2005, The dynamic effects of public capital: VAR evidence for 22 OECD countries, Int. Tax Pub. Financ., 12, 533, 10.1007/s10797-005-1780-1 Kopp, A., 2007. Aggregate Productivity Effects of Road Investment: A Reassessment for Western Europe1. The Management and Measurement of Infrastructure: Performance, Efficiency and Innovation, 47. La Ferrara, E., Marcellino, M., 2000. TFP, Costs, and Public Infrastructure: An Equivocal Relationship. IGIER Working Paper No. 176. Loizides, 2002, Productivity growth in European railways: a new approach, Trans. Res. A: Pol. Pract., 36, 633 Lumenga-Neso, 2005, On indirect trade-related R&D spillovers, Eur. Econ. Rev., 49, 1785, 10.1016/j.euroecorev.2004.06.004 Madsen, 2003, Inflation and investment, Scot. J. Polit. Econ., 50, 375, 10.1111/1467-9485.5004002 Madsen, 2005, A century of economic growth: the social returns to investment in equipment and structures, Manch. Sch., 73, 101, 10.1111/j.1467-9957.2005.00427.x Madsen, 2007, Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries, J. Int. Econ., 72, 464, 10.1016/j.jinteco.2006.12.001 Madsen, 2008, Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data, J. Econ. Growth, 13, 1, 10.1007/s10887-007-9024-0 Madsen, 2009, Trade barriers, openness, and economic growth, South. Econ. J., 76, 397, 10.4284/sej.2009.76.2.397 Madsen, 2010, The anatomy of growth in the OECD since 1870, J. Monet. Econ., 57, 753, 10.1016/j.jmoneco.2010.05.014 Madsen, 2014, Growth, human capital, and the world technology frontier, Rev. Econ. Stat., 96, 676, 10.1162/REST_a_00381 Márquez, 2011, Public capital and regional economic growth: a SVAR approach for the Spanish regions, Investigaciones Regionales, 21, 199 Mas, 1996, Infrastructures and productivity in the Spanish regions, Region. Stud., 30, 641, 10.1080/00343409612331349938 Meunier, J., 2002. On the Fast Track: French Railway Modernization and the Origins of the TGV, 1944–1983. Greenwood Publishing Group. Moreno, 2003, On the effectiveness of private and public capital, Appl. Econ., 35, 727, 10.1080/1350485032000066043 Nelson, 1966, Investment in humans, technological diffusion, and economic growth, Am. Econ. Rev., 56, 69 Oulton, 1996, How high is the social rate of return to investment, Oxford Rev. Econ. Pol., 12, 48, 10.1093/oxrep/12.2.48 Park, 1995, International R&D spillovers and OECD economic growth, Econ. Inq., 33, 571, 10.1111/j.1465-7295.1995.tb01882.x Picci, 1999, Productivity and infrastructure in the Italian regions, Giornale degli economisti e Annali di Economia, 329 Romer, 1990, Endogenous technological change, J. Pol. Econ., 98, S71, 10.1086/261725 Romp, 2007, Public capital and economic growth: a critical survey, Perspektiven der Wirtschaftspolitik, 8, 6, 10.1111/j.1468-2516.2007.00242.x Short, 2005, Transport infrastructure: investment and planning: policy and research aspects, Transp. Policy, 12, 360, 10.1016/j.tranpol.2005.04.003 Sosvilla-Rivero, 2008, European cohesion policy and the Spanish economy: a policy discussion case, J. Pol. Model., 30, 559, 10.1016/j.jpolmod.2006.12.006 Spolaore, 2009, The diffusion of development, Q. J. Econ., 124, 10.1162/qjec.2009.124.2.469 Sturm, J.E., 1998. Public Capital Expenditure in OECD Countries: The Causes and Impact of the Decline in Public Capital Spending, Edward Elgar Pub. Sturm, 1999, Output effects of infrastructure investment in the Netherlands, 1853–1913, J. Macroecon., 21, 355, 10.1016/S0164-0704(99)00107-X Vijverberg, 2011, Public infrastructure as a determinant of productive performance in China, J. Prod. Anal., 36, 91, 10.1007/s11123-011-0211-9 Vuchelen, 2010, Explaining public investment in Western Europe, Appl. Econ., 42, 1783, 10.1080/00036840701736180 World Bank, 1994. Annual Report. Washington, World Bank. Yeoh, 2013, Is public expenditure productive? Evidence from the manufacturing sector in US Cities, 1880–1920, Cato J., 33