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The Role of Public Infrastructure Capital in Mexican Economic Growth

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  • David Alan Aschauer

    (Elmer W. Campbell Professor of Economics, Bates College. Lewiston, ME. USA.)

Abstract

This paper develops and empirically implements a neoclassical growth model in which output depends on private capital and human capital as well as the quantity, means of financing, and efficiency of use of public capital. The empirical analysis is based on a cross section of 46 developing countries over the period from 1970 to 1990. In general, the paper finds empirical support for the importance of each of the three dimensions of public capital –quantity, financing, and efficiency– for long run standards of living and for transitional growth rates. The empirical results are applied to the recent performance of the Mexican economy.

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File URL: http://www.economiamexicana.cide.edu/num_anteriores/VII-1/02_ASCHAUER_47-78.pdf
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Bibliographic Info

Article provided by in its journal Economia Mexicana NUEVA EPOCA.

Volume (Year): VII (1998)
Issue (Month): 1 (January-June)
Pages: 47-78

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Handle: RePEc:emc:ecomex:v:7:y:1998:i:1:p:47-78

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Cited by:
  1. Antonio Noriega & Matias Fontenla, 2005. "Public Infrastructure and Economic Growth in Mexico," DEGIT Conference Papers c010_058, DEGIT, Dynamics, Economic Growth, and International Trade.
  2. Fedderke, J.W. & Bogetic, Z., 2009. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," World Development, Elsevier, vol. 37(9), pages 1522-1539, September.

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