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Public Infrastructure And Growth : New Channels And Policy Implications / Agenor, Pierre-Richard
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Agénor, Pierre-Richard.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Children.
- Clinics.
- Death Rate.
- Health.
- Health Care.
- Health Indicators.
- Health Interventions.
- Health Monitoring and Evaluation.
- Health Outcomes.
- Health Services.
- Health, Nutrition and Population.
- Hospitals.
- Hygiene.
- Implementation.
- Measurement.
- Mortality.
- Nutrition.
- People.
- Pollution.
- Primary Health Care.
- Stress.
- Transport.
- Transport Economics, Policy and Planning.
- Workers.
- Local Subjects:
- Children.
- Clinics.
- Death Rate.
- Health.
- Health Care.
- Health Indicators.
- Health Interventions.
- Health Monitoring and Evaluation.
- Health Outcomes.
- Health Services.
- Health, Nutrition and Population.
- Hospitals.
- Hygiene.
- Implementation.
- Measurement.
- Mortality.
- Nutrition.
- People.
- Pollution.
- Primary Health Care.
- Stress.
- Transport.
- Transport Economics, Policy and Planning.
- Workers.
- Physical Description:
- 1 online resource (59 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2006
- System Details:
- data file
- Summary:
- This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
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