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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.

Suggested Citation

  • David Alan Aschauer, 1998. "The Role of Public Infrastructure Capital in Mexican Economic Growth," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 47-78, January-J.
    • Handle: RePEc:emc:ecomex:v:7:y:1998:i:1:p:47-78
    as

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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/VII-1/02_ASCHAUER_47-78.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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    Cited by:

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    2. Ahmed, Vaqar & Abbas, Ahsan & Ahmed, Sofia & Zeshan, Muhammed, 2012. "Public Infrastructure and Economic Growth in Pakistan: A Dynamic CGE- microsimulation Analysis," Conference papers 332289, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. William F. Fox & Sanela Porca, 2001. "Investing in Rural Infrastructure," International Regional Science Review, , vol. 24(1), pages 103-133, January.
    4. Víctor Adame & Javier Alonso & Luisa Pérez & David Tuesta, 2017. "Infrastructure & economic growth from a meta-analysis approach: do all roads lead to Rome?," Working Papers 17/07, BBVA Bank, Economic Research Department.
    5. Juan A. Núñez-Serrano & Francisco J. Velázquez, 2017. "Is Public Capital Productive? Evidence from a Meta-analysis," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(2), pages 313-345.

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