An analysis of the relationship between infrastructure investment and economic growth in Mexican urban areas, 1985-2008

Vicente German-Soto (), Luis Gutierrez Flores () and Hector Barajas Bustillos ()
Additional contact information
Luis Gutierrez Flores: Autonomous University of Coahuila
Hector Barajas Bustillos: Autonomous University of Ciudad Juarez

Economics Bulletin, 2017, vol. 37, issue 4, 2422-2433

Abstract: The relationship between infrastructure investment and economic growth in Mexican urban areas 1985-2008 is analyzed using several panel cointegration tests that control for heterogeneity and serial correlation. Data are found to be stationary in first differences but not levels. The long run cointegrated relationship between certain kinds of infrastructure measures such as water supply, a global infrastructure index, road infrastructure, vehicle density, highways, and a social infrastructure index combined with the finding of no relationship with other measures favors a policy of targeted infrastructure investments by both the private and public sectors.

Keywords: economic growth; infrastructure; panel data; unit roots; cointegration (search for similar items in EconPapers)
JEL-codes: C5 O4 (search for similar items in EconPapers)
Date: 2017-10-26
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2017/Volume37/EB-17-V37-I4-P216.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-16-00379

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().