On the economic effects of public infrastructure investment:A survey of the international evidence

Alfredo Pereira and Jorge Andraz

No 108, Working Papers from Department of Economics, College of William and Mary

Abstract: This paper is an up-to-date survey of the most important literature on the effects of public infrastructure investment on economic performance and therefore constitutes a comprehensive starting reference for academic researchers and policy makers alike. It presents a comprehensive discussion of the empirical research on the impact of public infrastructure investment on economic performance in terms of both the methodological approaches and respective conclusions. It includes an integrated discussion of the methodological developments that successively have led to the estimation of production functions, cost and profit functions and, more recently, vector autoregressive models. Finally, it identifies some important areas for future research and highlights the natural convergence of this literature with the macro literature on the effects of fiscal policies.

Keywords: public investment; infrastructure; economic performance; evidence for the US; regional evidence; industry-specific evidence; international evidence. (search for similar items in EconPapers)
JEL-codes: C01 E62 H54 O57 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-07-23
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (82)

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http://economics.wm.edu/wp/cwm_wp108rev1.pdf (application/pdf)

Related works:
Journal Article: ON THE ECONOMIC EFFECTS OF PUBLIC INFRASTRUCTURE INVESTMENT: A SURVEY OF THE INTERNATIONAL EVIDENCE (2013)
Working Paper: On the economic effects of public infrastructure investment: A survey of the international evidence (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:cwm:wpaper:108

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