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Infrastructure and Development : A Critical Appraisal of the Macro Level Literature / Straub, Stephane
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Straub, Stephane
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Airports.
- Banks and Banking Reform.
- Bottlenecks.
- Economic Theory and Research.
- Elasticities.
- Macroeconomics and Economic Growth.
- Political Economy.
- Public Sector Economics and Finance.
- Railroads.
- Roads.
- Traffic.
- Traffic congestion.
- Transport.
- Transport Economics, Policy and Planning.
- Vehicle.
- Vehicle manufacturers.
- Local Subjects:
- Airports.
- Banks and Banking Reform.
- Bottlenecks.
- Economic Theory and Research.
- Elasticities.
- Macroeconomics and Economic Growth.
- Political Economy.
- Public Sector Economics and Finance.
- Railroads.
- Roads.
- Traffic.
- Traffic congestion.
- Transport.
- Transport Economics, Policy and Planning.
- Vehicle.
- Vehicle manufacturers.
- Physical Description:
- 1 online resource (48 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- This survey reviews the existing macro-level empirical literature on the link between infrastructure and development outcomes in a critical light. After providing a general framework that casts the relevant terms of the controversy on the real effect of infrastructure on growth in the context of an aggregate production function, it signals what are the relevant empirical questions to be addressed. This guides the systematic review of a number of empirical studies and the discussion of the main econometric challenges to the identification of the effect of infrastructure on output and productivity. Finally, building on related research, in particular in contract theory and political economy, the paper spells out several promising research avenues.
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