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Infrastructures and economic performance: a critical comparison across four approaches

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  • Torrisi, Gianpiero

Abstract

The paper reviews studies analysing the relationship between infrastructures and economic performance. Four different approaches are separately considered along an ideal path from theory-based to data-oriented models: the production function approach, the cost function approach, growth-models, and vector autoregression models. The review shows that, even with different shades and points of caution, the general idea that infrastructure has an economic enhancing effect appears to be quite robust across studies belonging to different methodological approaches.

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  • Torrisi, Gianpiero, 2009. "Infrastructures and economic performance: a critical comparison across four approaches," MPRA Paper 18688, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18688
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    Cited by:

    1. Zergawu, Yitagesu Zewdu & Walle, Yabibal M. & Giménez-Gómez, José-Manuel, 2020. "The joint impact of infrastructure and institutions on economic growth," Journal of Institutional Economics, Cambridge University Press, vol. 16(4), pages 481-502, August.
    2. 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.

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    More about this item

    Keywords

    economic development; growth; public expenditure; public infrastructure;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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