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The Impact Of Disaggregated Infrastructure Capital On The Productivity Growth Of The Chilean Economy

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  • J. M. ALBALA‐BERTRAND
  • E. C. MAMATZAKIS

Abstract

The aim of this study is to estimate the productivity contribution of the main components of the infrastructure capital to the Chilean economy, over the 1960–2000 period. We develop a cost function framework that allows us to decompose the growth of total factor productivity into relevant contributions, which are then estimated via a translog function. Our estimates indicate that infrastructure capital was on the whole cost saving, but enhanced only moderately the productivity of the Chilean economy. Investment in electricity infrastructure systematically managed to tap such cost savings. This was also important for transport infrastructures over the 1990s, although it systematically failed for telecommunications. But the large contribution of economies of scale to total factor productivity might have also been indirectly stimulated by infrastructure in complex societal and economic ways.

Suggested Citation

  • J. M. Albala‐Bertrand & E. C. Mamatzakis, 2007. "The Impact Of Disaggregated Infrastructure Capital On The Productivity Growth Of The Chilean Economy," Manchester School, University of Manchester, vol. 75(2), pages 258-273, March.
    • Handle: RePEc:bla:manchs:v:75:y:2007:i:2:p:258-273
    DOI: 10.1111/j.1467-9957.2007.01014.x
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    References listed on IDEAS

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    5. Jose Miguel Albala-Bertrand, 2003. "An Economical Approach to Estimate a Benchmark Capital Stock. An Optimal Consistency Method," Working Papers 503, Queen Mary University of London, School of Economics and Finance.
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    Cited by:

    1. Giulia Felice, 2010. "A Two-Sector Model of Public Investment and Growth," DEGIT Conference Papers c015_060, DEGIT, Dynamics, Economic Growth, and International Trade.
    2. Thomas M. Fullerton Jr & Azucena González Monzón & Adam G. Walke, 2013. "Physical Infrastructure and Economic Growth in El Paso," Economic Development Quarterly, , vol. 27(4), pages 363-373, November.
    3. Dethier, Jean-Jacques & Moore, Alexander, 2012. "Infrastructure in developing countries: An overview of some economic issues," Discussion Papers 123305, University of Bonn, Center for Development Research (ZEF).
    4. Chiara DEL BO & Massimo FLORIO, 2008. "Infrastructure and growth in the European Union: an empirical analysis at the regional level in a spatial framework," Departmental Working Papers 2008-37, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Andrew R. Goetz, 2011. "The Global Economic Crisis, Investment in Transport Infrastructure, and Economic Development," Chapters, in: Kenneth Button & Aura Reggiani (ed.), Transportation and Economic Development Challenges, chapter 3, Edward Elgar Publishing.
    6. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.

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