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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 … infrastructures in GFCF. Then, there would have been an infrastructure shortage up until 1964, and an infrastructure surplus there …
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This paper investigates the growth impact of Information and Communication Technologies (ICT) in an economy consisting of three sectors: ICT-producing, ICT-using, and non-ICT-using. The ICT progress causes falling prices of the consumption and intermediates produced by the ICT-using sector,...
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