This paper offers an evaluation of the output contribution of infrastructure. Drawing from a large data set of … infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper … estimates a long-run aggregate production function relating GDP to human capital, physical capital, and a synthetic measure of …

significant contributions to the production function and cost function approaches.In the analysis we put the emphasis on results …

Most studies analysing the infrastructure impact on regional growth show a positive relationship between both variables … reveals both the absence of a direct effect of infrastructure and the fact that the link between infrastructure and growth … depends on the level of the existing stock (threshold level) and the way infrastructure is articulated in its location …

This paper offers an evaluation of the output contribution of infrastructure. Drawing from a large data set of … infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper … estimates a long-run aggregate production function relating GDP to human capital, physical capital, and a synthetic measure of …

The economic literature recognises the importance of public capital – commonly associated to infrastructure – as an … additional factor in the production process, along with labour and private capital. This paper presents a critical review of the …

expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …

mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the … 1970s assuming that the underlying production function is either CES or Cobb-Douglas. Estimation results support the Cobb … profit margins and sectoral production shares. We also produce estimates of potential output and the output gap conditional …

Convex output set is a common hypothesis in production theory and especially in empirical applications. This often … and production functions exhibiting variable returns to scale depends on the difference between relative variation … marginal products of production functions. Local concavity or convexity of output frontier are determined through several …