Serrano, Rosina Moreno; Ortuno, Manuel Artis; Bazo, … - Facultat d'Economia i Empresa, Universitat de Barcelona - 1997
Most studies analysing the infrastructure impact on regional growth show a positive relationship between both variables. However, the public capital elasticity estimated in a Cobb-Douglas function, which is the most common specification in these works, is sometimes too big to be credible, so...