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that core infrastructure and Information & Communication Technology (ICT) matter for Total Factor Productivity (TFP) and … suggest that the impact of core infrastructure is rather strong on TFP and TE (elasticity of 0.32 and 0.17 respectively … the Indian context of infrastructure bottlenecks. It strongly supports the idea that a lack of infrastructure can hamper …
Persistent link: https://www.econbiz.de/10009644165
We present an evaluation of the main empirical approaches used in the literature to estimate the contribution of public capital stock to growth and private factors' productivity. Based on a simple stochastic general equilibrium model, built as to reproduce the main long-run relations observed in...
Persistent link: https://www.econbiz.de/10010899289