Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30574 
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dc.contributor.authorÉgert, Balázsen
dc.contributor.authorKozluk, Tomaszen
dc.contributor.authorSutherland , Douglasen
dc.date.accessioned2009-07-17-
dc.date.accessioned2010-05-14T08:22:18Z-
dc.date.available2010-05-14T08:22:18Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2700en
dc.subject.jelE22en
dc.subject.jelO11en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordinvestment, infrastructureen
dc.subject.keywordnetwork industryen
dc.subject.keywordeconomic growthen
dc.subject.keywordcointegrationen
dc.subject.keywordBayesian model averagingen
dc.subject.stwInfrastrukturen
dc.subject.stwInfrastrukturinvestitionen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwNetzinfrastrukturen
dc.subject.stwSchätzungen
dc.subject.stwOECD-Staatenen
dc.titleInfrastructure and gowth : empirical evidence-
dc.typeWorking Paperen
dc.identifier.ppn604953259en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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