Future direction for infrastructure research

Michael Regan

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. 


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DOI: http://dx.doi.org/10.24294/jipd.v1i2.87

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