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Have Collapses in Infrastructure Spending Led to Cross-Country Divergence in Per Capita GDP? / Francisco Rodriguez.
- Format:
- Book
- Government document
- Author/Creator:
- Rodriguez, Francisco, author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.52.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.52
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2007.
- System Details:
- text file
- Summary:
- This paper explores whether the post-1980 decline in infrastructure investment in developing countries is a source of growing disparities in world per capita GDP. I start by reviewing the literature on the infrastructure-productivity link, arguing that a balanced reading of previous studies points to a significant effect of infrastructure provision on productivity. I then empirically study whether retrenchments in infrastructure provision have played a role in growing disparities using a data set of country-level infrastructure stocks for 121 countries since 1960. Cutbacks in infrastructure investment appear to be at most a minor cause of growing divergence in per capita incomes.
- Access Restriction:
- Restricted for use by site license.
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