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dc.contributor.authorÉgert, Balázsen_US
dc.contributor.authorKozluk, Tomaszen_US
dc.contributor.authorSutherland , Douglasen_US
dc.date.accessioned2009-07-17en_US
dc.date.accessioned2010-05-14T08:22:18Z-
dc.date.available2010-05-14T08:22:18Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30574-
dc.description.abstractInvestment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition enhancing effects. This paper analyses the empirical relationship between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on growth. They also show that this effect varies across countries and sectors and over time. In some cases, these results reveal evidence of possible over-investment. Bayesian model averaging of cross-section growth regressions confirms that infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not in railways and road networks). Furthermore, this effect is highly nonlinear as the impact is stronger if the physical stock is lower.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2700en_US
dc.subject.jelE22en_US
dc.subject.jelO11en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordinvestment, infrastructureen_US
dc.subject.keywordnetwork industryen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordcointegrationen_US
dc.subject.keywordBayesian model averagingen_US
dc.subject.stwInfrastrukturen_US
dc.subject.stwInfrastrukturinvestitionen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwNetzinfrastrukturen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleInfrastructure and gowth : empirical evidenceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn604953259en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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