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A database of world infrastructure stocks, 1950-95

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Author Info

  • Canning, David

Abstract

The author describes an annual database of physical infrastructure stocks for a cross-section of 152 countries for 1950-95. The database contains six measures: kilometers of roads; kilometers of paved roads; kilometers of railway lines; number of telephones; number of telephone main lines; and KW of electricity generating capacity. The database includes some measures of infrastructure quality (percentage of roads in poor condition, percentage of local phone calls that are unsuccessful, percentage availability of diesel locomotives, and percentage of electricity lost from the system), but only for recent years. the author examines correlation patterns and reports regressions relating infrastructure stocks to country population, per capita GDP, land area, and the urbanization ration. The relationship between infrastructure and economic growth is examined in a preliminary way. The author reports that: nontransportation infrastructure stocks tend to increase one-for-one with population but increase more than proportionately with per capita GDP; geographic factors (area, urbanization ration) appear to affect the provision of nontransportation infrastructure in poor countries but not in rich countries; transportation infrastructure appears to increase less than proportionately with population, and increases with income only after a middle-income threshold has been reached; and geographic factors seem to influence the length of total roads and rail lines but not of paved roads. Panel unit root tests indicate that the log infrastructure stock per capita series are nonstationary and have a unit root. Cross-section growth regressions show our common worldwide estimated regression results for infrastructure stocks to be stable, long-run relationships. Preliminary regression results suggest that have a greater number of telephone main lines per capita has a positive effect on economic growth.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 1929.

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Date of creation: 30 Jun 1998
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Handle: RePEc:wbk:wbrwps:1929

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Related research

Keywords: Public Sector Economics&Finance; Economic Theory&Research; Urban Services to the Poor; Urban Services to the Poor; Information Technology; Information Technology; Economic Theory&Research; Public Sector Economics&Finance; Urban Services to the Poor; Urban Services to the Poor;

References

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  1. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
  2. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  3. Chow, Gregory C, 1993. "A Two-Step Procedure for Estimating Linear Simultaneous Equations with Unit Roots," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 107-11, February.
  4. Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
  5. Antonio Estache, 1994. "World Development Report: Infrastructure for Development," ULB Institutional Repository 2013/44144, ULB -- Universite Libre de Bruxelles.
  6. Bloom, David E. & Canning, David & Fink, Gunther & Finlay, Jocelyn E., 2007. "Does age structure forecast economic growth?," International Journal of Forecasting, Elsevier, vol. 23(4), pages 569-585.
  7. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September.
  8. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
  9. Antle, John M, 1983. "Infrastructure and Aggregate Agricultural Productivity: International Evidence," Economic Development and Cultural Change, University of Chicago Press, vol. 31(3), pages 609-19, April.
  10. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
  11. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
  12. Queiroz, Cesar & Gautam, Surhid, 1992. "Road infrastructure and economic development : some diagnostic indicators," Policy Research Working Paper Series 921, The World Bank.
  13. Pritchett, Lant, 1996. "Mind your P's and Q's : the cost of public investment is not the value of public capital," Policy Research Working Paper Series 1660, The World Bank.
  14. Charles R. Hulten, 1996. "Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have," NBER Working Papers 5847, National Bureau of Economic Research, Inc.
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