Network effects of the productivity of infrastructure in developing countries:
"Using panel data models, the author examines the threshold effects of the productivity of infrastructure investment in developing countries. He considers various specifications of an augmented production function that allow for endogenous thresholds. More precisely, these specifications are te...
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
3808 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "Using panel data models, the author examines the threshold effects of the productivity of infrastructure investment in developing countries. He considers various specifications of an augmented production function that allow for endogenous thresholds. More precisely, these specifications are tested in a panel threshold regression model. The author's main robust result is the presence of strong threshold effects in the relationship between output and private and public inputs. Whatever the transition mechanism used, the testing procedures lead to strong rejection of the linearity of this relationship. In particular, the productivity of infrastructure investment generally exhibits some network effects. When the available stock of infrastructure is very low, investment in this sector has the same productivity as noninfrastructure investment. On the contrary, when a minimum network is available, the marginal productivity of infrastructure investment is generally largely greater than the productivity of other investment. Finally, when the main network is achieved, its marginal productivity becomes similar to the productivity of other investment. "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 1/12/2006 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "Using panel data models, the author examines the threshold effects of the productivity of infrastructure investment in developing countries. He considers various specifications of an augmented production function that allow for endogenous thresholds. More precisely, these specifications are tested in a panel threshold regression model. The author's main robust result is the presence of strong threshold effects in the relationship between output and private and public inputs. Whatever the transition mechanism used, the testing procedures lead to strong rejection of the linearity of this relationship. In particular, the productivity of infrastructure investment generally exhibits some network effects. When the available stock of infrastructure is very low, investment in this sector has the same productivity as noninfrastructure investment. On the contrary, when a minimum network is available, the marginal productivity of infrastructure investment is generally largely greater than the productivity of other investment. Finally, when the main network is achieved, its marginal productivity becomes similar to the productivity of other investment. "--World Bank web site | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:31Z |
| institution | BVB |
| language | English |
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| spelling | Hurlin, Christophe Verfasser aut Network effects of the productivity of infrastructure in developing countries Christophe Hurlin [Washington, D.C] World Bank [2006] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3808 Includes bibliographical references Title from PDF file as viewed on 1/12/2006 "Using panel data models, the author examines the threshold effects of the productivity of infrastructure investment in developing countries. He considers various specifications of an augmented production function that allow for endogenous thresholds. More precisely, these specifications are tested in a panel threshold regression model. The author's main robust result is the presence of strong threshold effects in the relationship between output and private and public inputs. Whatever the transition mechanism used, the testing procedures lead to strong rejection of the linearity of this relationship. In particular, the productivity of infrastructure investment generally exhibits some network effects. When the available stock of infrastructure is very low, investment in this sector has the same productivity as noninfrastructure investment. On the contrary, when a minimum network is available, the marginal productivity of infrastructure investment is generally largely greater than the productivity of other investment. Finally, when the main network is achieved, its marginal productivity becomes similar to the productivity of other investment. "--World Bank web site Online-Ausg Also available in print Infrastructure (Economics) Developing countries Finance Production functions (Economic theory) Public investments Developing countries World Bank Sonstige oth Hurlin, Christophe Network effects of the productivity of infrastructure in developing countries http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3808 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hurlin, Christophe Network effects of the productivity of infrastructure in developing countries Infrastructure (Economics) Developing countries Finance Production functions (Economic theory) Public investments Developing countries |
| title | Network effects of the productivity of infrastructure in developing countries |
| title_auth | Network effects of the productivity of infrastructure in developing countries |
| title_exact_search | Network effects of the productivity of infrastructure in developing countries |
| title_exact_search_txtP | Network effects of the productivity of infrastructure in developing countries |
| title_full | Network effects of the productivity of infrastructure in developing countries Christophe Hurlin |
| title_fullStr | Network effects of the productivity of infrastructure in developing countries Christophe Hurlin |
| title_full_unstemmed | Network effects of the productivity of infrastructure in developing countries Christophe Hurlin |
| title_short | Network effects of the productivity of infrastructure in developing countries |
| title_sort | network effects of the productivity of infrastructure in developing countries |
| topic | Infrastructure (Economics) Developing countries Finance Production functions (Economic theory) Public investments Developing countries |
| topic_facet | Infrastructure (Economics) Developing countries Finance Production functions (Economic theory) Public investments Developing countries |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3808 |
| work_keys_str_mv | AT hurlinchristophe networkeffectsoftheproductivityofinfrastructureindevelopingcountries AT worldbank networkeffectsoftheproductivityofinfrastructureindevelopingcountries |