Infrastructure And Economic Growth In East Asia / Straub, Stephane
This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a significa...
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| Auteurs principaux: | Straub, Stéphane, 1966- |
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| Autres auteurs: | Vellutini, Charles Warlters, Michael |
| Format: | Online-Resource |
| Langue: | English |
| Publié: | Washington, D.C : The World Bank, 2008 |
| Sujets: | |
| Accès en ligne: | URL des Erstveröffentlichers |
| Résumé: | This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a significant link between infrastructure, productivity and growth. These conclusions contrast strongly with previous studies finding positive and significant effect for all infrastructure variables in the context of a production function study. This leads us to conclude that results from studies using macro-level data should be considered with extreme caution. The Authors suggest that infrastructure investment may have had the primary function of relieving constraints and bottlenecks as they arose, as opposed to directly encouraging growth |
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| Description: | Weitere Ausgabe: Straub, Stephane: Infrastructure And Economic Growth In East Asia |
| Description matérielle: | 1 Online-Ressource (47 Seiten) |
