This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set … on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach … synthetic measure of infrastructure given by the first principal component of infrastructure endowments in transport, power, and …

Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for … economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure … the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of …