INFRASTRUCTURE IN A STRUCTURAL MODEL OF ECONOMIC GROWTH. IN: TRANSPORT INFRASTRUCTURE
This paper develops a neoclassical growth model that explicitly incorporates infrastructure and is designed to provide a tractable framework within which to analyze the empirical importance of public capital accumulation to productivity growth. The authors find little support for claims of a dramatic productivity boost from increased infrastructure outlays. In a specification designed to provide an upper bound for the influence of infrastructure, the authors estimate that raising the rate of infrastructure investment would have had a negligible impact on annual productivity growth between 1971 and 1986.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/1840645547
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Corporate Authors:
William Pratt House, 9 Dewey Court
Northampton, MA United States 01060-3815 -
Authors:
- Holtz-Eakin, D
- Schwartz, A E
- Publication Date: 2002
Language
- English
Media Info
- Features: Appendices; References; Tables;
- Pagination: p. 141-161
- Monograph Title: Transport Infrastructure
Subject/Index Terms
- TRT Terms: Capital investments; Economic growth; Economic models; Infrastructure; Productivity; Transportation policy
- Subject Areas: Economics; Highways; Policy; Society; I10: Economics and Administration;
Filing Info
- Accession Number: 00942183
- Record Type: Publication
- ISBN: 1840645547
- Files: TRIS
- Created Date: May 21 2003 12:00AM