Central Bank of Chile

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Whitepaper: The Effects Of Infrastructure Development On Growth And Income Distribution

by Central Bank of ChileJan 01, 2008

It has long been recognized that an adequate supply of infrastructure services is an essential ingredient for productivity and growth. From the academic perspective, a rapidly growing literature - starting with the seminal work of Aschauer (1989) - has sought to quantify the contribution of infrastructure to income and growth. From the policy perspective, the renewed concern with infrastructure can be traced to two worldwide developments that took place over the last two decades. Infrastructure has become an ubiquitous theme in a variety of areas of the policy debate.