Economic gain and loss from public infrastructure investment

Growth and Change

Volumn 29, Issue 4, 1998, Pages 445-469

  Kim, Euijune ^a  

^a Yonsei University   (South Korea)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; INFLATION; INVESTMENT; PUBLIC SPENDING; TRANSPORTATION INFRASTRUCTURE;

KOREA;

EID: 0032461889     PISSN: 00174815     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1468-2257.1998.tb00029.x     Document Type: Article

References (44)

1. Aschauer, D.A. 1989. Is public expenditure productive. Journal of Monetary Economics 23(2): 177-200.
2. Bank of Korea. 1990. Multisectoral model of Korea economy; Consumption sector. Seoul: Korea, (in Korean)
3. Barro, R.J., and X. Sala-I-Martin. 1992. Public finance in models of economic growth. Review of Economic Studies 98:645-661.
4. Bergman, E.M. and D. Sun. 1996. Infrastructure and manufacturing productivity: Regional accessibility and development level effects. In Infrastructure and the complexity of economic development, edited by D.F. Batten, and C. Karlsson. New York: Springer.
5. Berndt, E.R. and B. Hansson. 1991. Measuring the contribution of public infrastructure capital in Sweden. NBER Working Paper No.3842.
6. Binder, S.J., and T.M. Smith. 1996. The linkage between transportation infrastructure investment and productivity: A U.S. federal research perspective. In Infrastructure and the complexity of economic development, edited by D.F. Batten, and C. Karlsson. New York: Springer.
7. Burniaux, J., F. Delorme, I. Lienert, J. Martin and P. Hoeller. 1988. Quantifying the economy-wide effects of agricultural policies: A general equilibrium approach. OECD Department of Economics and Statistics Working Paper No.55.
8. _. 1990. WALRAS - A multi-sector, multi-country applied general equilibrium model for quantifying the economy-wide effects of agricultural policies: A technical manual. OECD Department of Economics and Statistics Working Paper No.84.
9. Canning, D., and M. Fay. 1993. The effect of transportation networks on economic growth. Columbia University Working Paper.
10. Costa, J. da Silva, R.W. Ellson, and R.C. Martin. 1987. Public capital, regional output, and development: Some empirical evidence. Journal of Regional Science. 27(3):419-437.
11. Deaton, A., and J. Muellbauer. 1980. Economics and consumer behavior. Cambridge: Cambridge University Press.
12. Duffy-Deno, K.T., and R.W. Eberts. 1991. Public infrastructure and regional economic development: A simultaneous equations approach. Journal of Urban Economics. 30:329-343.
13. Eberts, R.W. 1990. Public infrastructure and regional economic development. Economic Review 26:15-27.
14. Eisner, R. 1991. Infrastructure and regional economic performance. New England Economic Review. Federal Reserve Bank of Boston. 47-58.
15. Garcia-Mila, T. and T.J. McGuire. 1992. The contribution of policy provided inputs to state economics. Regional Science and Urban Economies 22:229-241.
16. Gramlich, E.M. 1994. Infrastructure investment: A review essay. Journal of Economic Literature 32:1176-1196.
17. Hakfoort, J. 1996. Public capital, the private sector productivity and economic growth: A Macroeconomic perspective. In Infrastructure and the complexity of economic development, edited by D.F. Batten, and C. Karlsson. New York: Springer.
18. Holz-Eakin, D. 1991. Public sector capital and the productivity puzzle. NBER Working Paper No.4144.
19. Keeler, T.E. and J.S. Ying. 1988. Measuring the benefits of a large public investment: The case of the U.S. federal-aid highway system Journal of Public Economics 36(1):69-85.
20. Kessides, C. 1993. The contributions of infrastructure to economic development: A review of experience end policy implications. World Bank Discussion Papers 213, World Bank.
21. Kim, B. 1990. Structural adjustment policies under external shocks: A computable general equilibrium analysts for the case of Indonesia. Unpublished Ph.D. Dissertation. Cornell University
22. Kim, E. 1995a. Computable general equilibrium model for analysis of public infrastructure policies. The Journal of Korea Planners Association 30(1):61-74 (in Korean)
23. _. 1995b. Medium-term resource requirement: A reassessment. The KOTI-World Bank Joint Conference on Korea's Resource Mobilization and Reform Needs for Transport Sector. Seoul: Korea. February 1995 (in Korean)
24. Kim, J. 1998. Foreign capital inducement strategy for infrastructure development. Seminar to Reform the Private capital inducement System. Anyang: Korea. March 1998 (in Korean)
25. Lynde, C., and J. Richmond. 1992. The role of public capital in production. The Review of Economics and Statistics 74:37-44.
26. Mera, K. 1973. Regional production functions and social overhead capital: An Analysis of the Japanese Case. Regional and Urban Economics 3(May):157-185.
27. Ministry of Construction and Transportation. 1996. Infrastructure development and prospect in Korea
28. Munnell, A.H. 1990a. Why has productivity declined? Productivity and public investment. New England Economic Review. Federal Reserve Bank of Boston. January/February:3-22.
29. _. 1990b. How does public infrastructure affect regional economic performance? New England Economic Review. Federal Reserve Bank of Boston. September/ October:11-32.
30. _. 1992. Infrastructure investment and economic growth. Journal of Economic Perspective 6(4): 189-198.
31. Pacific Economic Cooperation Committee. 1992. Stock of Triple T infrastructure and economic growth. Proceedings of the Triple T Fukuoka Conference.
32. Park, S., and S. Lee. 1996. The optimal size of infrastructure. Samsung Economic Research Institute Working Paper No.96-15-097. (in Korean)
33. Pereira, Alfredo M. 1993. A dynamic general equilibrium analysts of corporate tax integration. Journal of Policy Modeling 15(1):63-89.
34. rffrt Planning Agency of Social Overhead Capital. 1992. Public Infrastructure Investment in the Last Five Years. (in Korea).
35. Rietveld, P. 1989. Infrastructure and regional development. The Annals of Regional Science 23:255-274.
36. Robinson, S. 1989. Multisectoral models. In: Handbook of Development Economics, edited by H. Chenery and T.N. Srinivasan. Amsterdam: North-Holland.
37. Shah, A. 1992. Dynamics of public infrastructure, industrial productivity and profitability. The Review of Economics and Statistics 74:28-36.
38. Shin, D. 1995. The effects of an environmental tax on trade: A CGE approach to the Korean Case. The Korean Economic Review 11 (1):5-15.
39. Shoven, John B., and J. Whalley. 1984. Applied general-equilibrium models of taxation and international trade: An introduction and survey. Journal of Economic Literature 22:1007-1051.
40. Uchimura, K., and H. Gao, 1993. The importance of infrastructure on economic development. World Bank.
41. Winston, C.M. 1991. Efficient transportation infrastructure policy. Journal of Economic Perspective 5(1):113-127.
42. World Bank. 1994. World development report 1994, Infrastructure for development. New York: Oxford University Press.
43. _. 1996. Infrastructure development in East Asia and Pacific: Towards a new public-private partnership.
44. Yoo, I. 1995. Policy constraints on resource mobilization. The KOTI-World Bank Joint Conference on Korea's Resource Mobilization and Reform Needs for Transport Sector. Seoul: Korea. February 1995 (in Korean).