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On the economic effects of public infrastructe investment: a survey of the international evidence
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Autores
Orientador(es)
Resumo(s)
This paper provides a survey of the significant literature on the effects of public
infrastructure investment on economic performance and therefore constitutes a
comprehensive reference for academic researchers and policy makers alike. It presents a
comprehensive discussion of the empirical research regarding the impact of public
infrastructure investment on economic performance in terms of both the methodological
approaches followed and respective conclusions. It includes an integrated discussion of the
methodological developments that successively have led to the estimation of production
functions, cost and profit functions and, more recently, vector autoregressive models. Finally,
it identifies some important areas for future research and highlights the natural convergence
of this literature with the macroeconomic literature on the effects of fiscal policies.
Descrição
Palavras-chave
Public investment Regional evidence Infrastructure Economic performance Evidence for the US International evidence Industry-specific evidence
Contexto Educativo
Citação
Pereira, Alfredo M.; Andraz, Jorge L. M.On the Economic Effects of Public Infrastructure Investment: A Survey of the International Evidence, Journal of Economic Development, 38, 4, 1-37, 2013
Editora
The Economic Research Institute Chung-ang University