Calderon and Serven provide an empirical evaluation of the impact of infrastructure development on economic growth and income distribution using a large panel data set encompassing over 100 countries and spanning the years 1960-2000. The empirical strategy involves the estimation of simple...

After much debate, many academic circles have concluded that under the right circumstances, infrastructure stocks may be a promoter for growth. This paper benchmarks Mexico’s infrastructure quantity stocks and identifies Mexico’s infrastructure bottlenecks in regard to 94 countries. With a...

Using panel data, this paper tests whether foreign, public, and private capital have a positive and significant effect on aggregate output and labor productivity for Mexico during the 1960-2001 period. The richer information set made possible by the sectorial data enables this study to utilize...

Even though knowledge economies are a by-product of the increasing use of ICTs worldwide, its impact seems biased only towards developed countries. Latin America still faces a digital gap, despite having laid some ties with the global economic and informational system. Therefore, it is a region...

Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms....

We propose a method to estimate both whether there is an overall infrastructure shortage and the optimal share of infrastructure in gross fixed capital formation (GFCF). This is based on a two-gap model and linear programming, and is illustrated with the case of Mexico (1950-1985). The results...

The paper studies the relationship between inequality and economic growth. This is done in a two sector model of endogenous growth with agents characterized by heterogeneity of factor endowments. The private sector consists of a large number of competitive ¯rms who produce the only ¯nal good...

This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...

After having pointed out the diverse uses of the term infrastructure in the literature on the market-economy, the different categories of infrastructure will be described. The argument in this context is that the classification of infrastructure suggested by Jochimsen has proved useful:...

In dieser Studie argumentieren wir für einen "Big Push" bei den Infrastrukturinvestitionen im größeren Europa. Wir schlagen den Bau einer "Europäischen Seidenstraße" vor, welche die industriellen Zentren im Westen mit den bevölkerungsreichen, aber weniger entwickelten Gebieten im Osten des...