Infrastructure and Development : A Critical Appraisal of the Macro Level Literature

Straub, Stéphane

doi:10.1596/1813-9450-4590

Publication:
Infrastructure and Development : A Critical Appraisal of the Macro Level Literature

dc.contributor.author	Straub, Stéphane
dc.date.accessioned	2012-05-29T14:12:21Z
dc.date.available	2012-05-29T14:12:21Z
dc.date.issued	2008-04
dc.description.abstract	This survey reviews the existing macro-level empirical literature on the link between infrastructure and development outcomes in a critical light. After providing a general framework that casts the relevant terms of the controversy on the real effect of infrastructure on growth in the context of an aggregate production function, it signals what are the relevant empirical questions to be addressed. This guides the systematic review of a number of empirical studies and the discussion of the main econometric challenges to the identification of the effect of infrastructure on output and productivity. Finally, building on related research, in particular in contract theory and political economy, the paper spells out several promising research avenues.	en
dc.identifier	http://documents.worldbank.org/curated/en/2008/04/9354757/infrastructure-development-critical-appraisal-macro-level-literature
dc.identifier.uri	http://hdl.handle.net/10986/6517
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Policy Research Working Paper; No. 4590
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	ACCOUNTABILITY
dc.subject	ACCOUNTING
dc.subject	ACCOUNTING FRAMEWORK
dc.subject	ADB
dc.subject	ADVERSE SELECTION
dc.subject	AGRICULTURE
dc.subject	AIRPORTS
dc.subject	ALLOCATION
dc.subject	AUTOMOBILE
dc.subject	BOTTLENECKS
dc.subject	BUREAUCRACY
dc.subject	BUSINESS CYCLES
dc.subject	CAPITAL EXPENDITURES
dc.subject	CAPITAL INVESTMENT
dc.subject	CENTRAL BANK
dc.subject	COLLUSION
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPETITIVENESS
dc.subject	CONSTANT RETURNS TO SCALE
dc.subject	CONTRACT ENFORCEMENT
dc.subject	COST OF CAPITAL
dc.subject	CURRENT EXPENDITURES
dc.subject	DEFICITS
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT POLICIES
dc.subject	ECONOMETRIC ANALYSIS
dc.subject	ECONOMETRICS
dc.subject	ECONOMIC EFFICIENCY
dc.subject	ECONOMIC GEOGRAPHY
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC HISTORY
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC RESEARCH
dc.subject	ECONOMIC THEORY
dc.subject	ECONOMICS
dc.subject	ECONOMIES OF SCALE
dc.subject	ELASTICITIES
dc.subject	ELASTICITY
dc.subject	ELECTRICITY SERVICES
dc.subject	EMPLOYMENT
dc.subject	EXTERNALITIES
dc.subject	FINANCE INFRASTRUCTURE
dc.subject	FISCAL POLICY
dc.subject	FUTURE RESEARCH
dc.subject	GDP
dc.subject	GOVERNMENT EXPENDITURES
dc.subject	GROWTH RATE
dc.subject	GROWTH THEORY
dc.subject	HIGHWAY
dc.subject	HIGHWAY NETWORK
dc.subject	HIGHWAYS
dc.subject	HUMAN CAPITAL
dc.subject	INCOME
dc.subject	INCOME DISTRIBUTION
dc.subject	INCREASING RETURNS
dc.subject	INDUSTRIAL ECONOMICS
dc.subject	INEFFICIENCY
dc.subject	INFRASTRUCTURE DEVELOPMENT
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INFRASTRUCTURE PROJECTS
dc.subject	INSURANCE
dc.subject	INSURANCE MARKETS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVENTORIES
dc.subject	INVENTORY
dc.subject	INVESTMENT BANK
dc.subject	INVESTMENT IN ROADS
dc.subject	LATIN AMERICAN
dc.subject	LAWS
dc.subject	LDCS
dc.subject	MARGINAL BENEFITS
dc.subject	MARGINAL COSTS
dc.subject	MARGINAL PRODUCT
dc.subject	MARGINAL PRODUCTIVITY
dc.subject	MIDDLE EAST
dc.subject	MIDDLE INCOME COUNTRIES
dc.subject	MORAL HAZARD
dc.subject	NATURAL MONOPOLIES
dc.subject	NETWORK EXTERNALITIES
dc.subject	NETWORK EXTERNALITY
dc.subject	NORTH AFRICA
dc.subject	OWNERSHIP STRUCTURE
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	POSITIVE EFFECTS
dc.subject	PRIVATE OWNERSHIP
dc.subject	PRIVATE SECTOR
dc.subject	PRIVATIZATION
dc.subject	PRODUCTION FUNCTION
dc.subject	PRODUCTION FUNCTIONS
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PUBLIC ENTERPRISES
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC GOOD
dc.subject	PUBLIC GOODS
dc.subject	PUBLIC POLICY
dc.subject	RAILROADS
dc.subject	REGULATORY FRAMEWORK
dc.subject	RETURN ON INVESTMENT
dc.subject	ROAD
dc.subject	ROAD INFRASTRUCTURE
dc.subject	ROAD INVESTMENT
dc.subject	ROADS
dc.subject	SANITATION
dc.subject	SAVINGS
dc.subject	SOUTH AMERICA
dc.subject	SPECIALIZATION
dc.subject	STOCKS
dc.subject	SUB-SAHARAN AFRICA
dc.subject	TELECOMMUNICATIONS
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TRAFFIC
dc.subject	TRAFFIC CONGESTION
dc.subject	TRANSPORT
dc.subject	TRANSPORT COSTS
dc.subject	TRANSPORT INFRASTRUCTURE
dc.subject	TRUE
dc.subject	UTILITY FUNCTION
dc.subject	VEHICLE
dc.subject	VEHICLE MANUFACTURERS
dc.subject	VETO
dc.subject	WAGES
dc.title	Infrastructure and Development : A Critical Appraisal of the Macro Level Literature	en
dspace.entity.type	Publication
okr.doctype	Publications & Research :: Policy Research Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/2008/04/9354757/infrastructure-development-critical-appraisal-macro-level-literature
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Transport and ICT
okr.globalpractice	Finance and Markets
okr.identifier.doi	10.1596/1813-9450-4590
okr.identifier.externaldocumentum	000158349_20080414115839
okr.identifier.internaldocumentum	9354757
okr.identifier.report	WPS4590
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/04/14/000158349_20080414115839/Rendered/PDF/wps4590.pdf	en
okr.topic	Finance and Financial Sector Development :: Non Bank Financial Institutions
okr.topic	Economic Theory and Research
okr.topic	Banks and Banking Reform
okr.topic	Macroeconomics and Economic Growth :: Political Economy
okr.topic	Transport Economics Policy and Planning
okr.topic	Transport
okr.unit	Development Research Group (DECRG)
okr.volume	1 of 1
relation.isSeriesOfPublication	26e071dc-b0bf-409c-b982-df2970295c87