Calling for innovations - infrastructure and sources of growth

Marc Schiffbauer
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Marc Schiffbauer: Bonn Graduate School of Economics, University of Bonn

No DYNREG18, Papers from Economic and Social Research Institute (ESRI)

Abstract: This paper analyzes the impact of infrastructure capital on different sources of economic growth. Starting with the contribution of Barro (1990), the literature on infrastructure and growth mainly focuses on the relation between private and public capital investments. In contrast, we demonstrate a link between (telecommunication) infrastructure capital and endogenous technological change in the context of an dynamic panel estimation applying aggregate country- as well as U.S. firm-level data. The main empirical finding is that the increase in telecommunication infrastructure during the last 30 years enhanced R&D investments but did not affect the accumulation of physical or human capital in our sample. Moreover, we provide an extended R&D growth model, which emphasizes a cost-reducing feature of infrastructure capital, to demonstrate a potential link between the level of infrastructure capital and endogenous technological change.

Keywords: DYNREG (search for similar items in EconPapers)
Pages: 32 pages
Date: 2007
Note: DYNREG Research Project – Dynamic Regions in a Knowledge-Driven Global Economy: Lessons and Policy Implications for the European Union
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:esr:wpaper:dynreg18

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