An empirical approach to public capital, infrastructure, and economic activity: a critical review

Duran-Fernandez, Roberto and Santos, Georgina ORCID: https://orcid.org/0000-0002-8446-8297 2014. An empirical approach to public capital, infrastructure, and economic activity: a critical review. Research in Transportation Economics 46 , pp. 3-16. 10.1016/j.retrec.2014.09.001

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Abstract

The economic literature recognises the importance of public capital – commonly associated to infrastructure – as an additional factor in the production process, along with labour and private capital. This paper presents a critical review of the latest research assessing the link between public capital and national income from different perspectives. It is shown that empirical studies have been relatively successful in evidencing the importance of public capital on economic activity. However, more research in this field is needed, as there are still important caveats to be looked into.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Geography and Planning (GEOPL)
Subjects:	G Geography. Anthropology. Recreation > G Geography (General)
Uncontrolled Keywords:	Public capital; Infrastructure; National income; National product.
Additional Information:	Title of journal issue Regional Development and Transport Infrastructure in Mexico.
Publisher:	Elsevier
ISSN:	0739-8859
Date of First Compliant Deposit:	30 March 2016
Last Modified:	09 May 2023 14:14
URI:	https://orca.cardiff.ac.uk/id/eprint/68457

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