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original: Infrastructure investment, endogenous growth and economic convergence

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  • Kenneth Button

    (The Institute of Public Policy, George Mason University, Fairfax, VA 22030, USA)

Abstract

There has been a recent resurgence of interest in regional growth theory. One strand of this has been the work on endogenous growth processes and the natural potential for regional economic convergence. On the other hand, the appearance of a seminal paper by Aschauer in the late 1980s linking productivity growth to infrastructure provision provided arguments for a rethinking of the role of public policy in stimulating regional development. In particular this latter work offered a case for enhanced public sector activity at a time when mainstream economists favored a greater role for the private sector, a lowering of the tax burden and a liberal stance on regulation. The empirical findings have subsequently been the subject of further analysis and the theories which could potentially underpin them have been reviewed. This paper examines the links between this work on the importance of public capital and that on the role of endogenous growth processes.

Suggested Citation

  • Kenneth Button, 1998. "original: Infrastructure investment, endogenous growth and economic convergence," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 32(1), pages 145-162.
  • Handle: RePEc:spr:anresc:v:32:y:1998:i:1:p:145-162
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    Cited by:

    1. Button, Kenneth & Taylor, Samantha, 2000. "International air transportation and economic development," Journal of Air Transport Management, Elsevier, vol. 6(4), pages 209-222.
    2. Peter Nijkamp & Jacques Poot, Victoria, 2002. "Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth," Tinbergen Institute Discussion Papers 02-028/3, Tinbergen Institute, revised 23 Apr 2003.
    3. Rodriguez-Oreggia, Eduardo & Rodriguez-Pose, Andres, 2004. "The Regional Returns of Public Investment Policies in Mexico," World Development, Elsevier, vol. 32(9), pages 1545-1562, September.
    4. Andrea Bonilla Bolaños, 2016. "A step further in the theory of regional integration: A look at the Unasur's integration strategy," Working Papers 1617, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    5. repec:gam:jecomi:v:5:y:2017:i:3:p:27-:d:105700 is not listed on IDEAS
    6. Brown, Stephen P. A. & Hayes, Kathy J. & Taylor, Lori L., 2003. "State and Local Policy, Factor Markets, and Regional Growth," The Review of Regional Studies, Southern Regional Science Association, vol. 33(1), pages 40-60.
    7. Feng Xie & David Levinson, 2009. "Governance choice on a serial network," Public Choice, Springer, vol. 141(1), pages 189-212, October.
    8. Zhenhua Chen & Kingsley E. Haynes, 2015. "Public surface transportation and regional output: A spatial panel approach," Papers in Regional Science, Wiley Blackwell, vol. 94(4), pages 727-751, November.
    9. Melo, Patricia C. & Graham, Daniel J. & Noland, Robert B., 2009. "A meta-analysis of estimates of urban agglomeration economies," Regional Science and Urban Economics, Elsevier, vol. 39(3), pages 332-342, May.
    10. Adolf K.Y. Ng & Zaili Yang & Stephen Cahoon & Paul T.W. Lee & Philipp Breidenbach & Timo Mitze, 2016. "The Long Shadow of Port Infrastructure in Germany: Cause or Consequence of Regional Economic Prosperity?," Growth and Change, Wiley Blackwell, vol. 47(3), pages 378-392, September.
    11. Massimo Florio (ed.), 2011. "Public Investment, Growth and Fiscal Constraints," Books, Edward Elgar Publishing, number 14155.
    12. Nijkamp, Peter & Poot, Jacques, 2004. "Meta-analysis of the effect of fiscal policies on long-run growth," European Journal of Political Economy, Elsevier, vol. 20(1), pages 91-124, March.
    13. Alain Trannoy, 2011. "Equity Dimensions of Transport Policy," Chapters,in: A Handbook of Transport Economics, chapter 26 Edward Elgar Publishing.
    14. Pedro R.D. Bom & Jenny E. Ligthart, 2014. "What Have We Learned From Three Decades Of Research On The Productivity Of Public Capital?," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 889-916, December.
    15. Celbis M.G. & Crombrugghe D.P.I. de, 2014. "Can internet infrastructure help reduce regional disparities? : evidence from Turkey," MERIT Working Papers 078, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Kenneth Button, 2011. "The Economist’s Perspective on Regional Endogenous Development," Chapters,in: Endogenous Regional Development, chapter 2 Edward Elgar Publishing.
    17. Jiwattanakulpaisarn, Piyapong & Noland, Robert B. & Graham, Daniel J., 2010. "Causal linkages between highways and sector-level employment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(4), pages 265-280, May.
    18. repec:bla:presci:v:96:y:2017:i:3:p:627-645 is not listed on IDEAS
    19. Brown, Teresa & McEvoy, Fiona & Ward, John, 2011. "Aggregates in England—Economic contribution and environmental cost of indigenous supply," Resources Policy, Elsevier, vol. 36(4), pages 295-303.
    20. Wigren, Rune & Wilhelmsson, Mats, 2007. "Construction investments and economic growth in Western Europe," Journal of Policy Modeling, Elsevier, vol. 29(3), pages 439-451.
    21. Piyapong Jiwattanakulpaisarn & Robert B. Noland & Daniel J. Graham, 2012. "Marginal Productivity of Expanding Highway Capacity," Journal of Transport Economics and Policy, University of Bath, vol. 46(3), pages 333-347, September.
    22. Papadaskalopoulos, Athanasios & Karaganis, Anastasios & Christofakis, Manolis, 2005. "The spatial impact of EU Pan-European transport axes: City clusters formation in the Balkan area and developmental perspectives," Transport Policy, Elsevier, vol. 12(6), pages 488-499, November.
    23. Anne Margarian, 2013. "A Constructive Critique of the Endogenous Development Approach in the European Support of Rural Areas," Growth and Change, Wiley Blackwell, vol. 44(1), pages 1-29, March.

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