Journal ArticleDOI
Infrastructural investment in long-run economic growth: South Africa 1875–2001
TLDR
In this paper, the authors examined the relationship between investment in economic infrastructure and long-run economic growth by examining the experience of South Africa in a time-series context and found that investment in infrastructure does appear to lead economic growth in South Africa and does so both directly and indirectly (the latter by raising the marginal productivity of capital).About:
This article is published in World Development.The article was published on 2006-06-01. It has received 248 citations till now. The article focuses on the topics: Firm-specific infrastructure & Public expenditure.read more
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Public infrastructure and growth : new channels and policy implications
TL;DR: In this paper, the authors provide an overview of the various channels through which public infrastructure may affect growth, including 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.
Journal ArticleDOI
Improving the effectiveness of interventions to balance conservation and development: a conceptual framework
TL;DR: In this paper, a set of lessons is proposed for improving the prospects of integrated conservation and development projects by giving consideration to each of the five capitals: natural, social, human, built, and financial.
Journal ArticleDOI
An analysis of economic infrastructure investment in south africa
TL;DR: In this article, the authors analyzed long-term trends in the development of South Africa's economic infrastructure and discussed their relationship with the country's longterm economic growth, using a database covering national accounts data, railways, roads, ports, air travel, phone lines and electricity.
Journal ArticleDOI
Infrastructure development and economic growth in India
Pravakar Sahoo,Ranjan Kumar Dash +1 more
TL;DR: This paper investigated the role of infrastructure in economic growth in India for the period 1970-2006 on the basis of the empirical framework developed by D.A. Aschauer (Is public expenditure productive? Journal of monetary economics, 23 (2), 1989, 177-200).
Posted Content
Infrastructure development and economic growth in China
TL;DR: In this paper, the authors investigated the role of infrastructure in promoting economic growth in China for the period 1975 to 2007 and found that infrastructure stock, labour force, public and private investments have played an important role in economic growth.
References
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Journal ArticleDOI
Increasing Returns and Long-Run Growth
TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
Journal ArticleDOI
A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Journal ArticleDOI
Bounds testing approaches to the analysis of level relationships
TL;DR: In this paper, the authors developed a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend- or first-difference stationary.
Journal ArticleDOI
Maximum likelihood estimation and inference on cointegration — with applications to the demand for money
Søren Johansen,Katarina Juselius +1 more
TL;DR: In this paper, the estimation and testing of long-run relations in economic modeling are addressed, starting with a vector autoregressive (VAR) model, the hypothesis of cointegration is formulated as a hypothesis of reduced rank of the long run impact matrix.