TY - BOOK ID - 134244362 TI - Infrastructure and Economic Growth in East Asia AU - Straub, Stephane AU - Vellutini, Charles AU - Warlters, Michael PY - 2008 PB - Washington, D.C., The World Bank, DB - UniCat KW - Banks and Banking Reform KW - Bottlenecks KW - Capital investment KW - Economic Theory and Research KW - Economies of scale KW - Externalities KW - Finance and Financial Sector Development KW - Highway KW - Infrastructure investment KW - Infrastructure policies KW - Macroeconomics and Economic Growth KW - Non Bank Financial Institutions KW - Poverty Reduction KW - Pro-Poor Growth KW - Road KW - Roads KW - Transport KW - Transport Economics, Policy and Planning UR - https://www.unicat.be/uniCat?func=search&query=sysid:134244362 AB - This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a significant link between infrastructure, productivity and growth. These conclusions contrast strongly with previous studies finding positive and significant effect for all infrastructure variables in the context of a production function study. This leads us to conclude that results from studies using macro-level data should be considered with extreme caution. The Authors suggest that infrastructure investment may have had the primary function of relieving constraints and bottlenecks as they arose, as opposed to directly encouraging growth. ER -