Infrastructure and Growth in South Africa is popular PDF and ePub book, written by Johannes W. Fedderke in 2006, it is a fantastic choice for those who relish reading online the Infrastructure (Economics) genre. Let's immerse ourselves in this engaging Infrastructure (Economics) book by exploring the summary and details provided below. Remember, Infrastructure and Growth in South Africa can be Read Online from any device for your convenience.
Infrastructure and Growth in South Africa Book PDF Summary
"Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity."--World Bank web site.
Detail Book of Infrastructure and Growth in South Africa PDF
- Author : Johannes W. Fedderke
- Release : 02 July 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Infrastructure (Economics)
- Total Page : 48 pages
- Language : English
- PDF File Size : 14,5 Mb
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