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...
انظر المزيد
تفاصيل
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2011/6/01
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ورقة عمل خاصة ببحوث السياسات
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WPS5682
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1
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1
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2011/6/01
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Disclosed
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Is infrastructure capital productive ? a dynamic heterogeneous approach
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loss of degrees of freedom