Research Catalog

Title

Infrastructure and Growth [electronic resource]: Empirical Evidence / Balázs Égert, Tomasz Koźluk and Douglas Sutherland

Author

Égert, Balázs.

Publication

Paris : OECD Publishing, 2009.

Details

Additional Authors

• Koźluk, Tomasz.
• Sutherland, Douglas.

Description

61 p.; 21 x 29.7cm.

Summary

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities and competition enhancing effects. This paper, which is part of a project examining the links between infrastructure and growth and the role of public policies, reports the results on the links with growth from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on growth. They also show that this effect varies across countries and sectors and over time. In some cases, these results reveal evidence of possible over-investment, which may be related to inefficient use of infrastructure. Bayesian model averaging of cross-section growth regressions confirm that infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not in railways and road networks). Furthermore, this effect is highly nonlinear as the impact is stronger if the physical stock is lower.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.685

Uniform Title

OECD Economics Department Working Papers, no.685.

Subject

Economics

LCCN

10.1787/225682848268

OCLC

oecd-lib-001480

Author

Égert, Balázs.

Title

Infrastructure and Growth [electronic resource]: Empirical Evidence / Balázs Égert, Tomasz Koźluk and Douglas Sutherland

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.685

OECD Economics Department Working Papers, 1815-1973 ; no.685.

Connect to:

http://dx.doi.org/10.1787/225682848268

Indexed Term

Economics

Added Author

Koźluk, Tomasz.

Sutherland, Douglas.

Other Standard Identifier

10.1787/225682848268 doi