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Infrastructures and economic performance: a critical comparison across four approaches

By Gianpiero Torrisi

Abstract

The paper reviews studies analysing the relationship between infrastructures and economic performance. Four different approaches are separately considered along an ideal path from theory-based to data-oriented models: the production function approach, the cost function approach, growth-models, and vector autoregression models. The review shows that, even with different shades and points of caution, the general idea that infrastructure has an economic enhancing effect appears to be quite robust across studies belonging to different methodological approaches.

Topics: H54 - Infrastructures; Other Public Investment and Capital Stock, O11 - Macroeconomic Analyses of Economic Development, H72 - State and Local Budget and Expenditures
Year: 2009
OAI identifier: oai:mpra.ub.uni-muenchen.de:25849

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