Artikel
Infrastructure and economic growth
I estimate the effect that growth in countries' GDP per capita has on the growth rate of infrastructure. In order to extract exogenous variation in GDP per capita growth, I use the growth of the international oil price multiplied with countries' GDP shares of oil net-exports as an instrumental variable. My instrumental variables estimates show that, for both democracies and autocracies, GDP per capita growth has a significant positive effect on infrastructure growth. This effect is significantly smaller in anocracies-so much so that, in anocracies, GDP per capita growth has no significant effect on the growth rate of infrastructure.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 11 ; Pages: 1-13 ; Basel: MDPI
- Klassifikation
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Wirtschaft
- Thema
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anocracy
economic growth
infrastructure
- Ereignis
-
Geistige Schöpfung
- (wer)
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Brückner, Markus
- Ereignis
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Veröffentlichung
- (wer)
-
MDPI
- (wo)
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Basel
- (wann)
-
2021
- DOI
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doi:10.3390/jrfm14110543
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Brückner, Markus
- MDPI
Entstanden
- 2021