Using panel data for a cross-section of
countries, the author estimates an aggregate production
function that includes infrastructure capital. He finds
that: 1) The productivity of physical and human capital is
close to the levels suggested by microeconomic evidence on
their private returns. 2) Electricity generating capacity
and transportation networks have roughly the same marginal
productivity as capital as a whole. 3) Telephone networks
...
انظر المزيد
تفاصيل
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Canning, David
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1999/11/30
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ورقة عمل خاصة ببحوث السياسات
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WPS2246
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1
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1
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2010/7/01
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Infrastructure's contribution to aggregate output
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Physical infrastructure; Power generation; Electrification; Marginal productivity; Highway capacity; Railway infrastructure; Aggregate variability; Human capital; Microeconomics; Investment returns; Private sector; Telephone networks