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...
انظر المزيد
تفاصيل
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2008/4/01
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ورقة عمل خاصة ببحوث السياسات
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WPS4589
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1
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1
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2010/7/01
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Disclosed
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Infrastructure and economic growth in East Asia
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rate of return to capital