IDEAS home Printed from https://ideas.repec.org/a/rpo/ripoec/v96y2006i6p145-186.html
   My bibliography  Save this article

Economic Growth and Infrastructure Gap in Latin America

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.rivistapoliticaeconomica.it/2006/nov_dic/pdf/Liberini_eng.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    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. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
    4. Maddala, G S & Wu, Shaowen, 1999. " A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-652, Special I.
    5. Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    6. Demetriades, Panicos O & Mamuneas, Theofanis P, 2000. "Intertemporal Output and Employment Effects of Public Infrastructure Capital: Evidence from 12 OECD Economics," Economic Journal, Royal Economic Society, vol. 110(465), pages 687-712, July.
    7. Esfahani, Hadi Salehi & Ramirez, Maria Teresa, 2003. "Institutions, infrastructure, and economic growth," Journal of Development Economics, Elsevier, vol. 70(2), pages 443-477, April.
    8. Canning, David, 1998. "A Database of World Stocks of Infrastructure, 1950-95," World Bank Economic Review, World Bank Group, vol. 12(3), pages 529-547, September.
    9. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sánchez, Ricardo, 2008. "CEPAL: reti infrastrutturali in America Latina," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1357, May.
    2. -, 2008. "America Latina e Caraibi: infrastruttura e integrazione," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2 edited by Iila, May.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rpo:ripoec:v:96:y:2006:i:6:p:145-186. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.