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Infrastructure Investment And Growth: Some Empirical Evidence

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  • BLANCA SANCHEZ‐ROBLES

Abstract

This paper explores empirically the relationship between infrastructure and economic growth by including the data of expenditure in infrastructure as a share of GDP in traditional growth cross‐country regressions. Since results are inconclusive, the paper elaborates some new indicators of investment in infrastructure employing physical units of infrastructure. They are positively and significantly correlated with growth in two different samples of countries.

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  • Blanca Sanchez‐Robles, 1998. "Infrastructure Investment And Growth: Some Empirical Evidence," Contemporary Economic Policy, Western Economic Association International, vol. 16(1), pages 98-108, January.
    • Handle: RePEc:bla:coecpo:v:16:y:1998:i:1:p:98-108
    DOI: 10.1111/j.1465-7287.1998.tb00504.x
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