INFRASTRUCTURE INVESTMENT AND GROWTH: SOME EMPIRICAL EVIDENCE

Blanca Sánchez-Robles

318 citations0/0 files storedContemporary Economic Policy

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Fiscal Policy and Economic Growth Monetary Policy and Economic Impact Economic Growth and Productivity

Abstract

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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References

1991Economic Growth in a Cross Section of Countries 1989Economic Growth in a Cross Section of Countries 1990Government Spending in a Simple Model of Endogeneous Growth 1989Is public expenditure productive?1991The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 1996Income distribution, political instability, and investment 1993International comparisons of educational attainment 1996The composition of public expenditure and economic growth

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2003Meta-analysis of the effect of fiscal policies on long-run growth 2008Infrastructure and economic development in Sub-Saharan Africa 2016Does infrastructure really explain economic growth in Sub-Saharan Africa?2011Infrastructure and Development: A Critical Appraisal of the Macro-level Literature 2014Infrastructure, Growth, and Inequality: An Overview 2003Foreign Direct Investment, Economic Freedom and Growth: New Evidence from Latin-America

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