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A new global index on infrastructure: Construction, rankings and applications

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  • Donaubauer, Julian
  • Meyer, Birgit
  • Nunnenkamp, Peter

Abstract

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new indices on infrastructure and provide country rankings, which we also compare with subjective assessments of infrastructure in the World Economic Forum's Global Competitiveness Report. Finally, we exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help assess the links between infrastructure and economic development more systematically.

Suggested Citation

  • Donaubauer, Julian & Meyer, Birgit & Nunnenkamp, Peter, 2014. "A new global index on infrastructure: Construction, rankings and applications," Kiel Working Papers 1929, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1929
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    References listed on IDEAS

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    More about this item

    Keywords

    infrastructure; transport; ICT; energy; finance; unobserved components method; trade; FDI;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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