How Much does Physical Infrastructure Contribute to Economic Growth?: An Empirical Analysis
Existing literature on the relationship between infrastructure and economic growth is inconclusive. This study evaluates the contributions to economic growth of three main categories of infrastructure-transport, electricity, and telecommunications-using data from 87 countries over 1992-2017. Compare...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Existing literature on the relationship between infrastructure and economic growth is inconclusive. This study evaluates the contributions to economic growth of three main categories of infrastructure-transport, electricity, and telecommunications-using data from 87 countries over 1992-2017. Compared with existing studies, this study uses more recent data, includes new types of infrastructure such as mobile phones, and provides separate estimates for developing and developed countries. The pooled mean group estimator, which tests for the weak exogeneity of the infrastructure variables, is employed. The key finding of the study is that an increase in infrastructure, especially electricity generation capacity and telecommunications, has significant positive effects on gross domestic product. Infrastructure has a larger effect in more recent years (1992-2017) than in earlier years (1970-1991), and the effects of infrastructure are higher in developing economies than in industrialized economies |
| Beschreibung: | 1 Online-Ressource (32 Seiten) |
| DOI: | 10.1596/1813-9450-9888 |
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| 520 | 3 | |a Existing literature on the relationship between infrastructure and economic growth is inconclusive. This study evaluates the contributions to economic growth of three main categories of infrastructure-transport, electricity, and telecommunications-using data from 87 countries over 1992-2017. Compared with existing studies, this study uses more recent data, includes new types of infrastructure such as mobile phones, and provides separate estimates for developing and developed countries. The pooled mean group estimator, which tests for the weak exogeneity of the infrastructure variables, is employed. The key finding of the study is that an increase in infrastructure, especially electricity generation capacity and telecommunications, has significant positive effects on gross domestic product. Infrastructure has a larger effect in more recent years (1992-2017) than in earlier years (1970-1991), and the effects of infrastructure are higher in developing economies than in industrialized economies | |
| 650 | 4 | |a Economic Growth | |
| 650 | 4 | |a Economic Theory and Research | |
| 650 | 4 | |a Electricity | |
| 650 | 4 | |a Growth Drivers | |
| 650 | 4 | |a Infrastructure | |
| 650 | 4 | |a Infrastructure Economics | |
| 650 | 4 | |a Infrastructure Economics and Finance | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Mobile Phone | |
| 650 | 4 | |a Telecommunications | |
| 650 | 4 | |a Transport Infrastructure | |
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| 700 | 1 | |a Stern, David I. |e Sonstige |4 oth | |
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| index_date | 2024-07-03T22:27:58Z |
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| language | English |
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| publishDate | 2021 |
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| publisher | The World Bank |
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| spellingShingle | Timilsina, Govinda How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis Economic Growth Economic Theory and Research Electricity Growth Drivers Infrastructure Infrastructure Economics Infrastructure Economics and Finance Macroeconomics and Economic Growth Mobile Phone Telecommunications Transport Infrastructure |
| title | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis |
| title_auth | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis |
| title_exact_search | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis |
| title_exact_search_txtP | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis |
| title_full | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis Govinda Timilsina |
| title_fullStr | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis Govinda Timilsina |
| title_full_unstemmed | How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis Govinda Timilsina |
| title_short | How Much does Physical Infrastructure Contribute to Economic Growth? |
| title_sort | how much does physical infrastructure contribute to economic growth an empirical analysis |
| title_sub | An Empirical Analysis |
| topic | Economic Growth Economic Theory and Research Electricity Growth Drivers Infrastructure Infrastructure Economics Infrastructure Economics and Finance Macroeconomics and Economic Growth Mobile Phone Telecommunications Transport Infrastructure |
| topic_facet | Economic Growth Economic Theory and Research Electricity Growth Drivers Infrastructure Infrastructure Economics Infrastructure Economics and Finance Macroeconomics and Economic Growth Mobile Phone Telecommunications Transport Infrastructure |
| url | https://doi.org/10.1596/1813-9450-9888 |
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