IDEAS home Printed from https://ideas.repec.org/a/udc/esteco/v31y2004i1p21-38.html
   My bibliography  Save this article

Efectos de la infraestructura pública sobre el crecimiento de la economía, evidencia para Chile

Author

Listed:
  • Jorge Rivera
  • Patricia Toledo

    ()

Abstract

A diferencia de otros estudios empíricos, este artículo analiza el efecto de la inversión pública en infraestructura en el crecimiento de Chile. Basándonos en Glomm y Ravikumar (1994) y Yoke (2001), se presenta un modelo estocástico para testear la hipótesis de crecimiento endógeno contra una de crecimiento exógeno. Este modelo permite estimar una relación de largo plazo entre producto, inversión pública en infraestructura y capital privado. Dicha relación es verificada a través del test de cointegración de Johansen para el período 1975-2000. Los resultados muestran que existe una relación entre producto e inversión pública en infraestructura. Sin embargo, este resultado no es consistente con la hipótesis de crecimiento exógeno, ni con la existencia de un efecto “spillover” asociado a la inversión pública. A pesar de lo anterior, las estimaciones sugieren que un incremento del 10% en la inversión pública genera un aumento de 1.6% en el producto (ambas variables expresadas en términos por trabajador)Classification-JEL: O41, C32.

Suggested Citation

  • Jorge Rivera & Patricia Toledo, 2004. "Efectos de la infraestructura pública sobre el crecimiento de la economía, evidencia para Chile," Estudios de Economia, University of Chile, Department of Economics, vol. 31(1 Year 20), pages 21-38, June.
  • Handle: RePEc:udc:esteco:v:31:y:2004:i:1:p:21-38
    as

    Download full text from publisher

    File URL: http://www.econ.uchile.cl/uploads/publicacion/e88d83b4-a696-40e7-9694-d633d381a01b.pdf
    Download Restriction: no

    Citations

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


    Cited by:

    1. Urrunaga, Roberto & Aparicio, Carlos, 2012. "Infrastructure and economic growth in Peru," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Klaus Schmidt-Hebbel, 2006. "Chile's Economic Growth," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(127), pages 5-48.
    3. 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.
    4. Idrovo Aguirre, Byron, 2012. "Inversión en infraestructura pública y crecimiento económico, evidencia para Chile [Public infrastructure, investment and economic growth in Chile]," MPRA Paper 39857, University Library of Munich, Germany.
    5. Roberto Machado, 2017. "Crecimiento económico e infraestructura de transportes y comunicaciones en el Perú," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 40(79), pages 9-46.

    More about this item

    Keywords

    Crecimiento económico; cointegración; infraestructura pública.;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

    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:udc:esteco:v:31:y:2004:i:1:p:21-38. 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: (Verónica Kunze). General contact details of provider: http://edirc.repec.org/data/deuclcl.html .

    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.

    We have no references for this item. You can help adding them by using 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.