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Economic Growth and Infrastructure Gap in Latin America

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  • Federica Liberini

    (Università degli Studi di Roma "Tor Vergata")

Abstract

This paper analyses the recent trends in infrastructures of Latin American, with the aim of addressing the problem of measuring and evaluating the infrastructural gap. Departing from the recent literature on economic growth and public finance, we defined the infrastructure need of a country through a model of demand. The use of a large dataset (121 countries spanned over 1960-1999) made it possible to estimate the optimal level of infrastructure provision. To conclude, a comparative inter-regional analysis of the infrastructural gap between the Latin American, East Asian, OECD and middle income countries was conducted to check if the reduction in infrastructural investment was caused by the evolution of infrastructure needs, or if it was due to a widespread inefficiency caused by the underestimation of actual needs.

Suggested Citation

  • Federica Liberini, 2006. "Economic Growth and Infrastructure Gap in Latin America," Rivista di Politica Economica, SIPI Spa, vol. 96(6), pages 145-186, November-.
    • Handle: RePEc:rpo:ripoec:v:96:y:2006:i:6:p:145-186
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    References listed on IDEAS

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    Cited by:

    1. -, 2008. "America Latina e Caraibi: infrastruttura e integrazione," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1343 edited by Iila, July.
    2. Sánchez, Ricardo, 2008. "CEPAL: reti infrastrutturali in America Latina," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1357, July.
    3. Kodongo, Odongo & Mukoki, Paul & Ojah, Kalu, 2023. "Bond market development and infrastructure-gap reduction: The case of Sub-saharan Africa," Economic Modelling, Elsevier, vol. 121(C).

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    More about this item

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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