This paper develops a structural model of infrastructure and output growth that specifies the ways in which country … characteristics and policies enter the infrastructure-GDP interactions and lead to heterogeneity of steady states and convergence …-country estimates of the model indicate that the contribution of infrastructure services to GDP is substantial and in general exceeds …

, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and … developing economies. Controlling for economic characteristics, we find that overall private participation of infrastructure … infrastructure. Our results do not vary when controlling for income inequality and across quartiles of experience, country wealth …

The Asian region has experienced substantial growth over the past several decades. Indeed, a quarter of all world … exports now come from East Asia. Strong infrastructure underpinnings have often been cited as a major factor contributing to …. Overall quantity and quality of infrastructure services remain uneven both across, and within, countries in the Asian region …

infrastructure-led growth. Based on causal analysis, we show large positive effects on growth for countries with strong institutional … particular measure of infrastructure or of institutional quality. Our results could explain the presence of nonlinearities when … estimating infrastructure-led growth and, at the same time, emphasize the importance of complementarities influencing such an …