Impact of infrastructure investment on developed and developing economies

Xuehui Han, Jiaqi Su () and Jang Ping Thia ()
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Jiaqi Su: Asian Infrastructure Investment Bank
Jang Ping Thia: Asian Infrastructure Investment Bank

Economic Change and Restructuring, 2021, vol. 54, issue 4, No 4, 995-1024

Abstract: Abstract This paper uses two longitudinal datasets—one with more limited coverage from the organization for economic co-operation and development and another constructed using general government gross fixed capital formation—to test for the relative effects of infrastructure versus non-infrastructure investment on output per worker, between developed and developing economies. The paper presents evidence that increasing infrastructure per worker has a larger relative impact on developing economies. This also implies that the share of gross capital formation devoted to infrastructure should be higher in developing economies.

Keywords: Gross fixed capital formation; Infrastructure; Output per worker; Growth (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10644-020-09287-4

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