INFRASTRUCTURE INVESTMENT AND GROWTH: SOME EMPIRICAL EVIDENCE |
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| Authors: | BLANCA SANCHEZ-ROBLES |
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| Affiliation: | Assistant Professor in Macroeconomics Department of Economics, University of Cantabria Santander, Spain, Phone 34 42 20 16 31 Fax 34 42 20 16 03, E-Mail |
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| Abstract: | This paper explores empirically the relationship between infrastructure and economic growth by including the data of expenditure in infrastructure as a share of GDP in traditional growth cross-country regressions. Since results are inconclusive, the paper elaborates some new indicators of investment in infrastructure employing physical units of infrastructure. They are positively and significantly correlated with growth in two different samples of countries. |
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