English, Article, Journal or magazine article edition: Catching Up or Falling Behind? The Effect of Infrastructure Capital on Technology Adoption in Transition Economies Schiffbauer, Marc

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Physical Description
  • preprint
Language
  • English

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Title
  • Catching Up or Falling Behind? The Effect of Infrastructure Capital on Technology Adoption in Transition Economies
Author
  • Schiffbauer, Marc
Physical Description
  • preprint
Notes
  • This paper demonstrates that a link between infrastructure capital and productivity growth can lead to multiple balanced growth equilibria if one accounts for the endogenous provision of infrastructure. Starting with the contribution of Barro (1990), the literature on infrastructure and growth mainly focuses on the relation between private and public capital investments. In contrast, we focus on the relationship between the provision of infrastructure capital and a country's innovative capacity. This is consistent with recent empirical evidence that reports a positive link between the two variables. The framework leads to bivariate causality between the rate of technical change and the provision of infrastructure services and generates scope for multiple strictly positive balanced growth equilibria.
  • RePEc:esr:wpaper:dynreg27
Language
  • English
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