Empirical explorations of the growth and aggregate productivity impacts of infrastructure have been characterized by … manufacturing over the 1970-2000 period, and a range of 19 infrastructure measures, explores the question of infrastructure … the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only …

This book is organized as follows: Introduction; by William Easterly and Luis Serven Latin America's Infrastructure in …'s Infrastructure Gap; by Cesar Calderon and Luis Serven Infrastructure Compression and Public Sector Solvency in Latin America; by … Cesar Calderon, William Easterly, and Luis Serven Macroeconomic Effects of Private Sector Participation in Infrastructure …

How much an economy should invest in its physical infrastructure is a crucial question being asked by policy makers … question by bringing insights from the literature that investigates the relationship between infrastructure investment … investigate the relationship between physical infrastructure and economic growth mostly conclude that there exists a positive …

This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a … exercise and cross-country regressions fail to find a significant link between infrastructure, productivity and growth. These … conclusions contrast strongly with previous studies finding positive and significant effect for all infrastructure variables in …

This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy … between infrastructure and economic growth (at the economy-wide, regional and sectoral level) and the composition, sequencing … and efficiency of alternative infrastructure investments, including the arbitrage between new investments and maintenance …

Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous … 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 …

There is widespread concern across Latin America that the provision of infrastructure services has suffered as a … infrastructure industries to private participation in most countries. Calderon and Serven document the recent trends in … infrastructure stocks and infrastructure investment in major Latin American economies. Using an updated dataset constructed for this …

, and particularly rail, outweigh the costs of infrastructure spending …

revolution is the availability of physical infrastructure to move resources, labor and end products across different points and … places. It is evident through the rule of thumb that if industrial performance exceeds infrastructure capacity to carry the … physical infrastructure. The story behind the research question explains that African economies are emerging economies and in …