In this paper, we exploit a new annual historical data set for ten South American countries from 1960 to 2008, providing a basis for understanding the long-run economic growth within a two-equation framework. For this purpose, a system of two panel data models estimated by generalized least...

This paper studies how the public provision of transportation infrastructure impact output convergence and trade integration in a two-country dynamic general equilibrium model in which the transportation cost between countries is endogenously determined by the stock of public infrastructure in...