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Is public infrastructure productive? Evidence from Chile

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  • J. M. Albala-Bertrand
  • E. C. Mamatzakis

Abstract

This study assesses the extent to which public infrastructures have contributed to output in the Chilean economy over the period 1960-1995. For the long-run, it uses a vector error correction model for cointegration tests, while for the short-run, it resorts to the use of impulse response functions and variance decompositions. The results appear to show that public infrastructures in Chile have been significantly productive.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 8 (2001)
Issue (Month): 3 ()
Pages: 195-198

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Handle: RePEc:taf:apeclt:v:8:y:2001:i:3:p:195-198

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Cited by:
  1. Saad A. Alshahrani & Ali J. Alsadiq, 2014. "Economic Growth and Government Spending in Saudi Arabia: an Empirical Investigation," IMF Working Papers 14/3, International Monetary Fund.
  2. Joharji Ghazi A. & Starr Martha A, 2011. "Fiscal Policy and Growth in Saudi Arabia," Review of Middle East Economics and Finance, De Gruyter, vol. 6(3), pages 24-45, February.
  3. Miguel D. Ramirez, 2006. "A Panel Unit Root and Panel Cointegration Test of the Complementarity Hypothesis in the Mexican Case, 1960-2001," Working Papers 942, Economic Growth Center, Yale University.
  4. Miguel Ramirez, 2011. "Is Public Investment Productive in the Argentine Case? A Single Break Unit Root and Cointegration Analysis, 1960-2007," Working Papers 1101, Trinity College, Department of Economics.
  5. Naveed H. Naqvi & Christopher Tsoukis, 2003. "Does Public Investment Crowd Out Private Investment? Evidence On Investment And Growth In Asia, 1971-2000," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 65-80, January -.
  6. Ramirez, Miguel D., 2008. "Are Foreign and Public Capital Productive in the Mexican Case? A Panel Unit Root and Panel Cointegration Analysis," Working Papers 49, Yale University, Department of Economics.
  7. Miguel Ramirez, 2008. "What explains Latin America's poor investment performance during the 1980-2001 period?: a panel unit root analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(1), pages 1-15.
  8. Jose Miguel Albala-Bertrand, 2004. "Can the Composition of Capital Constrain Potential Output? A Gap Approach," Working Papers 510, Queen Mary, University of London, School of Economics and Finance.
  9. Angel De la Fuente, 2010. "Infrastructures and productivity: an updated survey," Working Papers 1018, BBVA Bank, Economic Research Department.
  10. Sergio Destefanis & Vania Sena, 2005. "Public capital and total factor productivity: New evidence from the Italian regions, 1970-98," Regional Studies, Taylor & Francis Journals, vol. 39(5), pages 603-617.
  11. 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.
  12. Sergio Destefanis & Vania Sena, 2003. "Public Capital and Total Factor Productivity. New Evidence from the Italian Regions," CELPE Discussion Papers 73, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
  13. Ramirez, M.D., 2009. "Public Capital Formation and Labor Productivity Growth in Argentina," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).

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