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Infrastructure and economic growth in Peru

Listed author(s):
  • Roberto Urrunaga

    ()

    (Departamento de Economía, Universidad del Pacífico)

  • Carlos Aparicio

    ()

    (Departamento de Economía, Universidad del Pacífico)

This article reviews the literature analysing the importance of infrastructure for economic growth, and performs an econometric estimation to discover the relation between the two variables in the case of Peru. Different estimators are used with panel data from the 24 regions of Peru for the period 1980-2009. The econometric results confirm that public-service infrastructures (roads, electricity and telecommunications) are important in explaining temporary differences in regional output, in keeping with neoclassical exogenous growth theories. Evidence is also found of significant differences in the repercussions of the different infrastrctures on per capita GDP in each region. Consequently, the policy authorities should streamline the development of projects that help to reduce the infrastructure disparities that hinder the development of Peru's regions.

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File URL: http://www.cepal.org/cgi-bin/getProd.asp?xml=/revista/noticias/articuloCEPAL/1/48671/P48671.xml&xsl=/revista/tpl-i/p39f.xsl&base=/revista/tpl-i/top-bottom.xsl
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Paper provided by Departamento de Economía, Universidad del Pacífico in its series Working Papers with number 12-16.

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Length: 19 pages
Date of creation: Aug 2012
Date of revision: Aug 2012
Handle: RePEc:pai:wpaper:12-16
Contact details of provider: Web page: http://www.up.edu.pe/

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  2. 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.
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  8. Alicia H. Munnell, 1990. "Why has productivity growth declined? Productivity and public investment," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-22.
  9. Mauricio Cárdenas Santa María & Alejandro Gaviria Uribe & Marcela Meléndez Arjona, 2005. "La infraestructura de transporte en Colombia," INFORMES DE INVESTIGACIÓN 003034, FEDESARROLLO.
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  14. Garcia-Mila, Teresa & McGuire, Therese J & Porter, Robert H, 1996. "The Effect of Public Capital in State-Level Production Functions Reconsidered," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 177-180, February.
  15. Esfahani, Hadi Salehi & Ramirez, Maria Teresa, 2003. "Institutions, infrastructure, and economic growth," Journal of Development Economics, Elsevier, vol. 70(2), pages 443-477, April.
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  17. 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.
  18. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
  19. 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.
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  23. Peter Pedroni & David Canning, 2004. "The Effect of Infrastructure on Long Run Economic Growth," Department of Economics Working Papers 2004-04, Department of Economics, Williams College.
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  25. Straub, Stephane & Vellutini, Charles & Warlters, Michael, 2008. "Infrastructure and economic growth in East Asia," Policy Research Working Paper Series 4589, The World Bank.
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