Public Infrastructure and Growth: New Channels and Policy Implications

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dc.creatorAgénor, Pierre-Richard
dc.creatorMoreno-Dodson, Blanca
dc.date2012-06-22T20:57:54Z
dc.date2012-06-22T20:57:54Z
dc.date2006-11
dc.date.accessioned2026-07-01T01:22:03Z
dc.descriptionThis paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2006/11/7188045/public-infrastructure-growth-new-channels-policy-implications
dc.identifierhttps://hdl.handle.net/10986/8880
dc.identifierhttps://doi.org/10.1596/1813-9450-4064
dc.identifier.urihttp://hdl.handle.net/123456789/417443
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4064
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCELERATOR
dc.subjectACCELERATOR EFFECT
dc.subjectACCESS TO INFORMATION
dc.subjectACCESSIBILITY
dc.subjectADVERSE EFFECT
dc.subjectAGGREGATE DEMAND
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectBASIC INFRASTRUCTURE
dc.subjectCAPITAL MARKETS
dc.subjectCLINICS
dc.subjectCONGESTION
dc.subjectCONGESTION COSTS
dc.subjectCONGESTION ON HIGHWAYS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCOST FUNCTIONS
dc.subjectCOST OF CAPITAL
dc.subjectDEATH RATE
dc.subjectDEBT
dc.subjectDEFICITS
dc.subjectDEPRECIATION
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIMINISHING RETURNS
dc.subjectDOMESTIC CONSUMPTION
dc.subjectECONOMIC GROWTH
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectELECTRICITY
dc.subjectEMPLOYMENT
dc.subjectEVASION
dc.subjectEXPANSION
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectFAMILIES
dc.subjectFIRMS
dc.subjectFOREIGN MARKETS
dc.subjectFORMAL ANALYSIS
dc.subjectFREIGHT
dc.subjectFUELS
dc.subjectGDP
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectHEALTH CARE
dc.subjectHEALTH INDICATORS
dc.subjectHEALTH INTERVENTIONS
dc.subjectHEALTH OUTCOMES
dc.subjectHEALTH SERVICES
dc.subjectHIGHWAY
dc.subjectHOSPITALS
dc.subjectHUMAN CAPITAL
dc.subjectHYGIENE
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectLIFE EXPECTANCY
dc.subjectMACROECONOMICS
dc.subjectMARGINAL COST
dc.subjectMARGINAL PRODUCT
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMORBIDITY
dc.subjectMORTALITY
dc.subjectNUTRITION
dc.subjectNUTRITIONAL STATUS
dc.subjectOPEN ECONOMY
dc.subjectPOLIO
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE EFFECT
dc.subjectPRIMARY HEALTH CARE
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION INPUTS
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC
dc.subjectPUBLIC BORROWING
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENT IN INFRASTRUCTURE
dc.subjectPUBLIC ROADS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLIC WORKS
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAILROAD
dc.subjectRAILWAYS
dc.subjectRISK PREMIUM
dc.subjectROAD
dc.subjectROAD CONDITIONS
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD MAINTENANCE
dc.subjectROAD NETWORK
dc.subjectROADS
dc.subjectRURAL ROADS
dc.subjectSANITATION
dc.subjectSANITATION FACILITIES
dc.subjectSCALE EFFECT
dc.subjectSCHOOL HEALTH
dc.subjectSIBLINGS
dc.subjectSMALL FIRMS
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUBSTITUTION EFFECT
dc.subjectSUPPLY CURVE
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTOLL
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRAFFIC
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT FACILITIES
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION NETWORKS
dc.subjectTRANSPORTATION SERVICES
dc.subjectTRANSPORTATION SUBSIDIES
dc.subjectTRANSPORTATION SYSTEM
dc.subjectTRUCKS
dc.subjectVACCINATION
dc.subjectVEHICLE
dc.subjectVEHICLE OPERATING
dc.subjectVEHICLE OPERATING COSTS
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.subjectWATER SYSTEMS
dc.subjectWEALTH
dc.subjectWORKERS
dc.titlePublic Infrastructure and Growth: New Channels and Policy Implications

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