Sahoo, Pravakar; Dash, Ranjan Kumar - In: The Journal of International Trade & Economic Development 21 (2012) 2, pp. 217-252
We examine the output elasticity of infrastructure for four South Asian countries viz., India, Pakistan, Bangladesh, and Sri Lanka using panel cointegration techniques for the period 1980--2005. In this context, we develop an index of infrastructure stocks and investigate the impact of...