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221013 ||| eng |
| 100 |
1 |
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|a Straub, Stephane
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| 245 |
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|a Infrastructure And Economic Growth In East Asia
|h Elektronische Ressource
|c Straub, Stephane
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| 260 |
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|a Washington, D.C
|b The World Bank
|c 2008
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| 300 |
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|a 47 p.
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| 653 |
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|a Macroeconomics and Economic Growth
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| 653 |
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|a Externalities
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| 653 |
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|a Capital investment
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| 653 |
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|a Transport Economics, Policy and Planning
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| 653 |
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|a Pro-Poor Growth
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| 653 |
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|a Roads
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| 653 |
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|a Economies of scale
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| 653 |
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|a Poverty Reduction
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| 653 |
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|a Bottlenecks
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| 653 |
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|a Infrastructure investment
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| 653 |
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|a Infrastructure policies
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| 653 |
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|a Non Bank Financial Institutions
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| 653 |
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|a Finance and Financial Sector Development
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| 653 |
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|a Economic Theory and Research
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| 653 |
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|a Highway
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| 653 |
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|a Transport
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| 653 |
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|a Banks and Banking Reform
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| 653 |
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|a Road
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| 700 |
1 |
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|a Vellutini, Charles
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| 700 |
1 |
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|a Warlters, Michael
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| 700 |
1 |
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|a Straub, Stephane
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b WOBA
|a World Bank E-Library Archive
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| 856 |
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|u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4589
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a significant link between infrastructure, productivity and growth. These conclusions contrast strongly with previous studies finding positive and significant effect for all infrastructure variables in the context of a production function study. This leads us to conclude that results from studies using macro-level data should be considered with extreme caution. The Authors suggest that infrastructure investment may have had the primary function of relieving constraints and bottlenecks as they arose, as opposed to directly encouraging growth
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