Is public infrastructure productive? Evidence from Chile
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.
Volume (Year): 8 (2001)
Issue (Month): 3 ()
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