Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261052 
Year of Publication: 
2022
Series/Report no.: 
Texto para Discussão No. 2737
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
Infrastructure is traditionally considered a necessary condition for a country's economic development. However, despite so many arguments in favor of the importance of infrastructure for productivity, growth and welfare, the empirical literature on the impact of infrastructure is controversial. This article first presents a systematic review of the literature on empirical growth models that incorporate infrastructure among their production factors. From this, a meta-analysis of these articles is carried out, based on a technique known as meta-regression. The meta-regression comprised 52 parameters in 41 articles that use a comparable methodology between 1983 and 2006, and provides public capital elasticities ranging from 13.0% to 17.1% (with a sample average of 15.9%).
Subjects: 
infrastructure
public capital
public investment
elasticity
meta-analysis
metaregression
JEL: 
E22
H54
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
1.54 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.