In this paper we analyze the effect of infrastructure on the cost and productivity performance of the private … observed and optimal public capital, and we find that in the long run, public capital promotes private investment …

Using panel data, this paper tests whether public and private capital have a positive and significant effect on … capital and the economically active population (EAP) have a positive and economically significant effect on output ( and labor … model). The estimate for the public capital variables clearly shows that it had a relatively more important economic effect …