Publication:
Public Infrastructure and Growth: New Channels and Policy Implications

dc.contributor.author Agénor, Pierre-Richard
dc.contributor.author Moreno-Dodson, Blanca
dc.date.accessioned 2012-06-22T20:57:54Z
dc.date.available 2012-06-22T20:57:54Z
dc.date.issued 2006-11
dc.description.abstract This 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. en
dc.identifier http://documents.worldbank.org/curated/en/2006/11/7188045/public-infrastructure-growth-new-channels-policy-implications
dc.identifier.uri http://hdl.handle.net/10986/8880
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4064
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 ACCELERATOR
dc.subject ACCELERATOR EFFECT
dc.subject ACCESS TO INFORMATION
dc.subject ACCESSIBILITY
dc.subject ADVERSE EFFECT
dc.subject AGGREGATE DEMAND
dc.subject AIR
dc.subject AIR POLLUTION
dc.subject BASIC INFRASTRUCTURE
dc.subject CAPITAL MARKETS
dc.subject CLINICS
dc.subject CONGESTION
dc.subject CONGESTION COSTS
dc.subject CONGESTION ON HIGHWAYS
dc.subject CONSTANT RETURNS TO SCALE
dc.subject COST FUNCTIONS
dc.subject COST OF CAPITAL
dc.subject DEATH RATE
dc.subject DEBT
dc.subject DEFICITS
dc.subject DEPRECIATION
dc.subject DEVELOPMENT ECONOMICS
dc.subject DIMINISHING RETURNS
dc.subject DOMESTIC CONSUMPTION
dc.subject ECONOMIC GROWTH
dc.subject ELASTICITY
dc.subject ELASTICITY OF SUBSTITUTION
dc.subject ELECTRICITY
dc.subject EMPLOYMENT
dc.subject EVASION
dc.subject EXPANSION
dc.subject EXPORTS
dc.subject EXTERNALITIES
dc.subject FAMILIES
dc.subject FIRMS
dc.subject FOREIGN MARKETS
dc.subject FORMAL ANALYSIS
dc.subject FREIGHT
dc.subject FUELS
dc.subject GDP
dc.subject GOVERNMENT DEBT
dc.subject GOVERNMENT SPENDING
dc.subject GROWTH RATE
dc.subject HEALTH CARE
dc.subject HEALTH INDICATORS
dc.subject HEALTH INTERVENTIONS
dc.subject HEALTH OUTCOMES
dc.subject HEALTH SERVICES
dc.subject HIGHWAY
dc.subject HOSPITALS
dc.subject HUMAN CAPITAL
dc.subject HYGIENE
dc.subject INCOME
dc.subject INFLATION
dc.subject INFRASTRUCTURE INVESTMENT
dc.subject INTEREST RATE
dc.subject INTEREST RATES
dc.subject LIFE EXPECTANCY
dc.subject MACROECONOMICS
dc.subject MARGINAL COST
dc.subject MARGINAL PRODUCT
dc.subject MARGINAL PRODUCTIVITY
dc.subject MORBIDITY
dc.subject MORTALITY
dc.subject NUTRITION
dc.subject NUTRITIONAL STATUS
dc.subject OPEN ECONOMY
dc.subject POLIO
dc.subject POLITICAL ECONOMY
dc.subject PRICE EFFECT
dc.subject PRIMARY HEALTH CARE
dc.subject PRIVATE CAPITAL
dc.subject PRIVATE INVESTMENT
dc.subject PRIVATE INVESTORS
dc.subject PRIVATE SECTOR
dc.subject PRODUCTION COSTS
dc.subject PRODUCTION FUNCTION
dc.subject PRODUCTION INPUTS
dc.subject PRODUCTIVITY
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC
dc.subject PUBLIC BORROWING
dc.subject PUBLIC DEBT
dc.subject PUBLIC EXPENDITURE
dc.subject PUBLIC INFRASTRUCTURE
dc.subject PUBLIC INVESTMENT
dc.subject PUBLIC INVESTMENT IN INFRASTRUCTURE
dc.subject PUBLIC ROADS
dc.subject PUBLIC SECTOR
dc.subject PUBLIC SPENDING
dc.subject PUBLIC TRANSPORTATION
dc.subject PUBLIC WORKS
dc.subject PUBLIC-PRIVATE PARTNERSHIPS
dc.subject RAILROAD
dc.subject RAILWAYS
dc.subject RISK PREMIUM
dc.subject ROAD
dc.subject ROAD CONDITIONS
dc.subject ROAD INFRASTRUCTURE
dc.subject ROAD MAINTENANCE
dc.subject ROAD NETWORK
dc.subject ROADS
dc.subject RURAL ROADS
dc.subject SANITATION
dc.subject SANITATION FACILITIES
dc.subject SCALE EFFECT
dc.subject SCHOOL HEALTH
dc.subject SIBLINGS
dc.subject SMALL FIRMS
dc.subject SUB-SAHARAN AFRICA
dc.subject SUBSTITUTION EFFECT
dc.subject SUPPLY CURVE
dc.subject TAX
dc.subject TAX RATES
dc.subject TAX REVENUES
dc.subject TAXATION
dc.subject TELECOMMUNICATIONS
dc.subject TOLL
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject TOTAL FACTOR PRODUCTIVITY GROWTH
dc.subject TRAFFIC
dc.subject TRANSPORT
dc.subject TRANSPORT COSTS
dc.subject TRANSPORT FACILITIES
dc.subject TRANSPORTATION
dc.subject TRANSPORTATION NETWORKS
dc.subject TRANSPORTATION SERVICES
dc.subject TRANSPORTATION SUBSIDIES
dc.subject TRANSPORTATION SYSTEM
dc.subject TRUCKS
dc.subject VACCINATION
dc.subject VEHICLE
dc.subject VEHICLE OPERATING
dc.subject VEHICLE OPERATING COSTS
dc.subject WAGES
dc.subject WATER SUPPLY
dc.subject WATER SYSTEMS
dc.subject WEALTH
dc.subject WORKERS
dc.title Public Infrastructure and Growth: New Channels and Policy Implications 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/2006/11/7188045/public-infrastructure-growth-new-channels-policy-implications
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Transport and ICT
okr.globalpractice Governance
okr.globalpractice Health, Nutrition, and Population
okr.identifier.doi 10.1596/1813-9450-4064
okr.identifier.externaldocumentum 000016406_20061108161655
okr.identifier.internaldocumentum 7188045
okr.identifier.report WPS4064
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/11/08/000016406_20061108161655/Rendered/PDF/wps4064.pdf en
okr.topic Health Monitoring and Evaluation
okr.topic Economic Theory and Research
okr.topic Transport Economics Policy and Planning
okr.topic Public Sector Economics and Finance
okr.topic Infrastructure Economics and Finance :: Private Participation in Infrastructure
okr.topic Transport
okr.topic Macroeconomics and Economic Growth
okr.topic Health, Nutrition and Population
okr.topic Public Sector Development
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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