This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper estimates a long-run aggregate production function relating GDP to human capital, physical capital, and a synthetic measure of infrastructure given by the first principal component of infrastructure endowments...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2011/06/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS5682
-
1
-
1
-
2011/06/01
-
Disclosed
-
Is infrastructure capital productive ? a dynamic heterogeneous approach
-
loss of degrees of freedom