The Role of Public Infrastructure Capital in Mexican Economic Growth

David Aschauer

Economía Mexicana NUEVA ÉPOCA, 1998, vol. VII, issue 1, 47-78

Abstract: This paper develops and empirically implements a neoclassical growth model in which output depends on private capital and human capital as well as the quantity, means of financing, and efficiency of use of public capital. The empirical analysis is based on a cross section of 46 developing countries over the period from 1970 to 1990. In general, the paper finds empirical support for the importance of each of the three dimensions of public capital –quantity, financing, and efficiency– for long run standards of living and for transitional growth rates. The empirical results are applied to the recent performance of the Mexican economy.

Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.economiamexicana.cide.edu/num_anteriores/VII-1/02_ASCHAUER_47-78.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:emc:ecomex:v:7:y:1998:i:1:p:47-78

Access Statistics for this article

Economía Mexicana NUEVA ÉPOCA is currently edited by Juan Rosellón

More articles in Economía Mexicana NUEVA ÉPOCA from CIDE, División de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Ricardo Tiscareño ( this e-mail address is bad, please contact ).