Abstract

NORIEGA, Antonio  and  FONTENLA, Matías. La infraestructura y el crecimiento económico en México. El trimestre econ [online]. 2007, vol.74, n.296, pp.885-900.  Epub Nov 20, 2020. ISSN 2448-718X.

We develop a model where investment in infrastructure complements private investment. We then provide time series evidence for Mexico on both the impact of public infrastructure on output, and on the optimality with which levels of infrastructure have been set. In particular, we look at the long-run effects of shocks to infrastructure on real output. We compute Long-Run Derivatives for kilowatts of electricity, kilometers of roads and phone lines, and find that shocks to infrastructure have positive and significant effects on real output for electricity and roads. These effects of infrastructure on output are in agreement with growth models where long-run growth is driven by en dogenous factors of production. Our results further indicate that for electricity and roads, infrastructure provision has not reached growth maximizing levels.

Keywords : crecimiento económico; infraestructura pública; derivada de largo plazo.

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