infrastructure is a pre-requisite. In the overlapping generations setting, we show that technology spillovers via FDI take place only … when the host country has the sufficient level of infrastructure. Infrastructure has a subsequent positive feedback on … further investment which leads the country to grow faster. If infrastructure falls short of the critical level, however, then …

and also conditional on infrastructure. Domestic investment should be taking into account that represents host country …

We examine the evolution of infrastructure, and the impact of infrastructure investment, in middleincome countries … (MICs). We document how different types of infrastructure stocks, as well as infrastructure investment, vary with the level … provision of infrastructure varies across development stages; there is a focus on basic infrastructure, such as transport, water …

We examine the evolution of infrastructure, and the impact of infrastructure investment, in middle-income countries … (MICs). We document how different types of infrastructure stocks, as well as infrastructure investment, vary with the level … provision of infrastructure varies across development stages; there is a focus on basic infrastructure, such as transport, water …