An empirical approach to public capital, infrastructure, and economic activity: A critical review

Roberto Duran-Fernandez and Georgina Santos ()

Research in Transportation Economics, 2014, vol. 46, issue C, 3-16

Abstract: The economic literature recognises the importance of public capital – commonly associated to infrastructure – as an additional factor in the production process, along with labour and private capital. This paper presents a critical review of the latest research assessing the link between public capital and national income from different perspectives. It is shown that empirical studies have been relatively successful in evidencing the importance of public capital on economic activity. However, more research in this field is needed, as there are still important caveats to be looked into.

Keywords: Public capital; Infrastructure; National income; National product (search for similar items in EconPapers)
JEL-codes: E22 E23 H54 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739885914000420
Full text for ScienceDirect subscribers only

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:eee:retrec:v:46:y:2014:i:c:p:3-16

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2014.09.001

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().