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Inversión en infraestructura pública y crecimiento económico, evidencia para Chile
[Public infrastructure, investment and economic growth in Chile]

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  • Idrovo Aguirre, Byron

Abstract

In this paper we estimate the long-term elasticity of public infrastructure of GDP for the period 1960-2010. It is important to note that while the term "equilibrium" in economics is quite broad, here we refer only to a stable statistical relationship between economic variables. In this paper we analyze the critical role of public infrastructure investment (including the investment works concessions) in total factor productivity in Chile.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:39857
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    References listed on IDEAS

    as
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    13. John G. Fernald, 1999. "Roads to Prosperity? Assessing the Link between Public Capital and Productivity," American Economic Review, American Economic Association, vol. 89(3), pages 619-638, June.
    14. 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.
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    Cited by:

    1. 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.
    2. Idrovo Aguirre, Byron & Contreras, Javier, 2015. "Back-splicing of cement production and characterization of its economic cycle: The case of Chile (1991-2015)," MPRA Paper 67387, University Library of Munich, Germany, revised 20 Sep 2015.

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    More about this item

    Keywords

    Infraestructura pública; cointegración; modelo de estado espacio; filtro de kalman;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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