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Infrastructures and Economic Performance: A Critical Comparison Across Four Approaches

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  • Gianpiero Torrisi

    ()
    (Newcastle University)

Abstract

The paper reviews studies analysing the relationship between infrastructures and economic performance. Four different approaches are separately considered along an ideal path from three theory-based to a data-oriented models: the production function approach, the cost function approach, growth-models, and vector autoregression models. The review shows that, even with different shades and points of caution, the general idea that infrastructure has an economic enhancing effect appears to be quite robust across studies belonging to different methodological approaches.

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Article provided by ASERS Publishing in its journal Theoretical and Practical Research in Economic Fields.

Volume (Year): I (2010)
Issue (Month): 1 (June)
Pages: 86-96

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Handle: RePEc:srs:tpref1:6:v:1:y:2010:i:1:p:86-96

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Keywords: economic development; growth; public expenditure; public infrastructure;

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Cited by:
  1. Idrovo Aguirre, Byron, 2012. "Inversión en infraestructura pública y crecimiento económico, evidencia para Chile
    [Public infrastructure, investment and economic growth in Chile]
    ," MPRA Paper 39857, University Library of Munich, Germany.

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