Showing 1 - 10 of 18,532
what extent infrastructure and non-infrastructure capitals are related. Our conclusions appear to indicate that … infrastructure capital reduces the production cost of the economy, thereby increasing productivity, only in the second period. In … turn, non-infrastructure capital appears to be mostly unrelated to infrastructure capital in the first period, but to be …
Persistent link: https://www.econbiz.de/10014135372
specified cooperation programs for the provision of basic infrastructure that result in different stocks of local … infrastructure dealing with water supply, sewerage and cleansing of residual waters, paving and lighting. We find that these … carries an excess cost in the provision of infrastructure in terms of the existing infrastructure stock and the amount of …
Persistent link: https://www.econbiz.de/10008459750
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 …
Persistent link: https://www.econbiz.de/10014176980
infrastructure, growth, and productivity in developing Asian countries. The main conclusion is that a number of countries in … developing Asia have significantly improved their basic infrastructure endowments in the recent past. This improvement appears to …
Persistent link: https://www.econbiz.de/10014180950
Empirical explorations of the growth and aggregate productivity impacts of infrastructure have been characterized by … manufacturing over the 1970–2000 period, and a range of 19 infrastructure measures, explores the question of infrastructure … the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only …
Persistent link: https://www.econbiz.de/10014183705
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 …
Persistent link: https://www.econbiz.de/10014116895
and the non-farm sector. A number of recent initiatives undertaken intend to augment the rural infrastructure level, which … could contribute positively in this regard. Infrastructure development is also likely to contribute in improving the poverty … composite index of the infrastructure enjoyed by them, which in essence reflects their future growth potential. The analysis is …
Persistent link: https://www.econbiz.de/10010778412
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010297764
This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
Persistent link: https://www.econbiz.de/10010297858
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010262521