Abstract
Infrastructure was not a widely researched topic until Aschauer identified the wider economic benefits of investment in the United States during the 1980s. Achauer’s work was a catalyst for further research and debate as researchers tackled weakness in the production function approach to measurement and sought to adjust for two-way causation. The literature that followed confirmed a significant and causal connection between public investment, productivity and output and research moved to international panel data, regional economies and the relationship between infrastructure investment, output capacity, growth and productivity.
Original language | English |
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Pages (from-to) | 1-8 |
Number of pages | 9 |
Journal | Journal of Infrastructure, Policy and Development |
Volume | 1 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2017 |