Publication:
Infrastructure, Growth, and Inequality : An Overview

dc.contributor.authorCalderon, Cesar
dc.contributor.authorServen, Luis
dc.date.accessioned2014-10-06T20:05:45Z
dc.date.available2014-10-06T20:05:45Z
dc.date.issued2014-09
dc.description.abstractAcademics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical literature has employed a variety of analytical settings regarding the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of market distortions, notably in capital markets. In turn, the empirical literature has used various econometric methodologies on time-series and cross-section macro and microeconomic data to test for the effects of infrastructure development. However, these empirical tests face challenging issues of measurement, identification, and heterogeneity. Overall, the literature finds positive effects of infrastructure development on income growth and, more tentatively, on distributive equity. Still, the precise mechanisms through which these effects accrue, and their full impact on welfare, remain relatively unexplored.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/09/20210994/infrastructure-growth-inequality-overview
dc.identifier.urihttps://hdl.handle.net/10986/20365
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7034
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS REGULATION
dc.subjectACCOUNTING
dc.subjectAFFORDABILITY OF INFRASTRUCTURE SERVICES
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONGESTION
dc.subjectCONSUMERS
dc.subjectCOST OF CAPITAL
dc.subjectDEFICITS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDRIVERS
dc.subjectDYNAMIC ANALYSIS
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LIFE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC SURVEYS
dc.subjectEIB
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectELECTRICITY
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectENERGY EFFICIENCY
dc.subjectEXOGENOUS FACTORS
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCING OF INFRASTRUCTURE
dc.subjectFISCAL POLICY
dc.subjectFIXED INPUTS
dc.subjectFUEL
dc.subjectGDP
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH MODEL
dc.subjectGROWTH POLICIES
dc.subjectGROWTH RATE
dc.subjectHIGHWAY
dc.subjectHIGHWAYS
dc.subjectHUMAN CAPITAL
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVELS
dc.subjectINEQUALITY MEASURES
dc.subjectINFRASTRUCTURE ASSETS
dc.subjectINFRASTRUCTURE CONGESTION
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE POLICIES
dc.subjectINFRASTRUCTURE PROVISION
dc.subjectINFRASTRUCTURE REFORM
dc.subjectINFRASTRUCTURE REHABILITATION
dc.subjectINFRASTRUCTURE SECTOR
dc.subjectINFRASTRUCTURE SERVICES
dc.subjectINFRASTRUCTURE SPENDING
dc.subjectINFRASTRUCTURE SUPPLY
dc.subjectINSURANCE
dc.subjectINVENTORY
dc.subjectLEVIES
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMICS
dc.subjectMARGINAL COSTS
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARKET DISTORTIONS
dc.subjectMETROPOLITAN AREAS
dc.subjectMOBILITY
dc.subjectOPEN ACCESS
dc.subjectPENALTIES
dc.subjectPER CAPITA INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOSITIVE EFFECTS
dc.subjectPOWER
dc.subjectPOWER SECTOR
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE PROVIDERS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION INPUTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFIT FUNCTIONS
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPUBLIC
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENT IN EDUCATION
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC REVENUES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC WORKS
dc.subjectRAILWAYS
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATE
dc.subjectREGIONAL INFRASTRUCTURE
dc.subjectREGRESSION ANALYSIS
dc.subjectRETURN ON INVESTMENT
dc.subjectROAD
dc.subjectROAD BUILDING
dc.subjectROAD IMPROVEMENT
dc.subjectROAD NETWORK
dc.subjectROAD QUALITY
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectROUTES
dc.subjectRURAL INFRASTRUCTURE
dc.subjectRURAL ROADS
dc.subjectSANITATION
dc.subjectTAX
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTELECOMMUNICATIONS REFORM
dc.subjectTELECOMMUNICATIONS SERVICES
dc.subjectTELEPHONE NETWORKS
dc.subjectTOLL
dc.subjectTOLL ROADS
dc.subjectTRANSPORT
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION SYSTEMS
dc.subjectURBAN ECONOMICS
dc.subjectUTILITIES
dc.subjectUTILITY PRIVATIZATION
dc.subjectUTILITY SERVICES
dc.subjectVARIABLE INPUTS
dc.subjectWAGES
dc.subjectWATER SERVICES
dc.subjectWEALTH
dc.titleInfrastructure, Growth, and Inequality : An Overviewen
dspace.entity.typePublication
okr.date.disclosure2014-09-01
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/09/20210994/infrastructure-growth-inequality-overview
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.identifier.doi10.1596/1813-9450-7034
okr.identifier.externaldocumentum000158349_20140916092132
okr.identifier.internaldocumentum20210994
okr.identifier.reportWPS7034
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/16/000158349_20140916092132/Rendered/PDF/WPS7034.pdfen
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themeEconomic management :: Analysis of economic growth
okr.topicBanks and Banking Reform
okr.topicTransport Economics Policy and Planning
okr.topicEconomic Theory and Research
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicPublic Sector Economics
okr.topicFinance and Financial Sector Development
okr.topicMacroeconomics and Economic Growth
okr.topicTransport
okr.topicPublic Sector Development
okr.unitMacroeconomics and Growth Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublication2c4139d2-7458-5296-9aea-6d3db3e1ae1e
relation.isAuthorOfPublication.latestForDiscovery2c4139d2-7458-5296-9aea-6d3db3e1ae1e
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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