The Growth Return of Infrastructure in Latin America
This paper examines the effects of improvements in infrastrucutre on sectoral growth and firm-level investment, focusing on six Latin American countries. Exploiting the heterogeneity in the quality of infrastructure across countries and the intrinsic variation in the dependence of sectors on infr...
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| Main Author: | |
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| Format: | Báo cáo |
| Language: | English |
| Published: |
International Monetary Fund
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/11742/39078 |
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Add Tag | Summary: | This paper examines the effects of improvements in infrastrucutre on sectoral growth and
firm-level investment, focusing on six Latin American countries. Exploiting the
heterogeneity in the quality of infrastructure across countries and the intrinsic variation in
the dependence of sectors on infrastructure, I find that better infrastructure raises growth
and investment. Improved infrastructure could yield large economic benefits. For
example, if the quality of infrastructure in Colombia increased to the sample median
(Czech Republic), GDP growth would increase by about 0.1 percentage points. |
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Marxism, Socialism and democracy in Latin America: Latin American perspectives\