original: Infrastructure investment, endogenous growth and economic convergence

Kenneth Button

The Annals of Regional Science, 1998, vol. 32, issue 1, 145-162

Abstract: There has been a recent resurgence of interest in regional growth theory. One strand of this has been the work on endogenous growth processes and the natural potential for regional economic convergence. On the other hand, the appearance of a seminal paper by Aschauer in the late 1980s linking productivity growth to infrastructure provision provided arguments for a rethinking of the role of public policy in stimulating regional development. In particular this latter work offered a case for enhanced public sector activity at a time when mainstream economists favored a greater role for the private sector, a lowering of the tax burden and a liberal stance on regulation. The empirical findings have subsequently been the subject of further analysis and the theories which could potentially underpin them have been reviewed. This paper examines the links between this work on the importance of public capital and that on the role of endogenous growth processes.

Date: 1998-02-10
References: Add references at CitEc
Citations: View citations in EconPapers (43)

Downloads: (external link)
http://link.springer.de/link/service/journals/00168/papers/8032001/80320145.pdf (application/pdf)
http://link.springer.de/link/service/journals/0016 ... 32001/80320145.ps.gz (application/postscript)
Access to the full text of the articles in this series is restricted

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:spr:anresc:v:32:y:1998:i:1:p:145-162

Ordering information: This journal article can be ordered from
http://link.springer.com/journal/168

Access Statistics for this article

The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase

More articles in The Annals of Regional Science from Springer, Western Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().