Infrastructure and growth in South Africa: direct and indirect productivity impacts of 19 infrastructure measures
"Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by pu...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2006]
|
| Schriftenreihe: | Policy research working paper
3989 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity. "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 8/21/2006 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity. "--World Bank web site | |
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Datensatz im Suchindex
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| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:30Z |
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| spelling | Fedderke, Johannes W. Verfasser aut Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures Johannes W. Fedderke [Washington, D.C] World Bank [2006] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3989 Includes bibliographical references Title from PDF file as viewed on 8/21/2006 "Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity. "--World Bank web site Online-Ausg Also available in print Infrastructure (Economics) South Africa Public investments South Africa South Africa / Economic conditions World Bank Sonstige oth Fedderke, Johannes W Infrastructure and growth in South Africa http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3989 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Fedderke, Johannes W. Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures Infrastructure (Economics) South Africa Public investments South Africa |
| title | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures |
| title_auth | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures |
| title_exact_search | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures |
| title_exact_search_txtP | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures |
| title_full | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures Johannes W. Fedderke |
| title_fullStr | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures Johannes W. Fedderke |
| title_full_unstemmed | Infrastructure and growth in South Africa direct and indirect productivity impacts of 19 infrastructure measures Johannes W. Fedderke |
| title_short | Infrastructure and growth in South Africa |
| title_sort | infrastructure and growth in south africa direct and indirect productivity impacts of 19 infrastructure measures |
| title_sub | direct and indirect productivity impacts of 19 infrastructure measures |
| topic | Infrastructure (Economics) South Africa Public investments South Africa |
| topic_facet | Infrastructure (Economics) South Africa Public investments South Africa |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3989 |
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