Infrastructure and Economic Growth in East Asia

Straub, Sté ; phane ; Vellutini, Charles ; Warlters, Michael

World Bank, Washington, DC

关键词: ACCOUNTING;    ACCOUNTING FRAMEWORK;    ADB;    AGGREGATE OUTPUT;    AGRICULTURE;   

DOI  :  10.1596/1813-9450-4589
RP-ID  :  WPS4589

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper examines whetherinfrastructure investment has contributed to EastAsia's economic growth using both a growth accountingframework and cross-country regressions. For most of thevariables used, both the growth accounting exercise andcross-country regressions fail to find a significant linkbetween infrastructure, productivity and growth. Theseconclusions contrast strongly with previous studies findingpositive and significant effect for all infrastructurevariables in the context of a production function study.This leads us to conclude that results from studies usingmacro-level data should be considered with extreme caution.The Authors suggest that infrastructure investment may havehad the primary function of relieving constraints andbottlenecks as they arose, as opposed to directlyencouraging growth.