Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/332584

Título:	The Joint Impact of Infrastructure and Institutions on Economic Growth
Autor/a:	Zergawu, Yitagesu Zewdu; Walle, Yabibal M.; Giménez Gómez, José M. (José Manuel)
Otros autores:	Universitat Rovira i Virgili. Departament d'Economia
Abstract:	This paper examines the joint impact of infrastructure capital and institutional quality on economic growth using a large panel data set covering 120 countries and spanning the years 1980-2015. The empirical strategy involves estimating a simple growth model where, in addition to standard controls, infrastructure, institutional quality and their interaction are included as explanatory variables. Potential endogeneity concerns are addressed by means of GMM estimators that utilize internal instruments. We findd that the interaction terms between infrastructure capital and institutional quality have a positive and significant impact on economic growth. These results are robust to a variety of alternative specifications and institutional quality measures. Hence, our results suggest that maximizing returns from infrastructure development requires improving the quality of institutions. Keywords: infrastructure; institutions; growth; dynamic panel JEL classification: H54, F20
Fecha de creación:	2018
Materias (CDU):	33 - Economia
Materia(s):	Infraestructura (Economia) Economia internacional
Derechos:	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/
Páginas:	28 p.
Tipo de documento:	Documento de trabajo
Editor:	Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
Collection:	Documents de treball del Departament d'Economia;2018-22
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