Investimento em infraestrutura e crescimento econômico, relevância de fatores institucionais
DOI:
https://doi.org/10.15359/eys.23-53.3Palavras-chave:
Infraestrutura, crescimento, instituições, liberdade econômica, corrupçãoResumo
Quantifica-se o efeito que o investimento tem em infraestrutura sobre o crescimento econômico, e se está condicionado por fatores de índole institucional através de modelos de painéis dinâmicos com variáveis instrumentais e técnica GMM. Os resultados são coerentes com estudos prévios quanto à magnitude do efeito da infraestrutura sobre o crescimento. Há evidências de que os fatores institucionais têm impacto significativo no potencial efeito expansivo da infraestrutura. Verifica-se que países da América Latina estariam limitando o potencial expansivo de seu investimento em infraestrutura, apresentando indicadores de desempenho institucional desfavoráveis. O mesmo estaria acontecendo com países de baixa e média renda.
Referências
Arce, G., Céspedes, V. H., y Jiménez, R. (2006). La pobreza en Costa Rica 1987-2004. En V.H. Céspedes y R. Jiménez. Pobreza en Costa Rica. San José: Academia de Centroamérica. Recuperado de http://enlaceacademico.ucr.ac.cr/sites/default/files/publicaciones/Librojornada3.pdf
Arellano, M. y Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Review of Economic Studies 58(2), 277-297. doi: http://dx.doi.org/10.2307/2297968
Arellano, M. y Bover, O. (1995). Another look at the Instrumental Variable Estimation of Error-Component Models. Journal of Econometrics 68(1), 29-51. doi: http://dx.doi.org/10.1016/0304-4076(94)01642-d
Aschauer, D. (1989). Is Public Expenditure Productive? Journal of Monetary Economics. 23(2), 177-200. doi: http://dx.doi.org/10.1016/0304-3932(89)90047-0
Auerbach, A. y Gorodnichencko, Y. (2011). Fiscal Multipliers in Recession and Expansion. NBER Working Paper 17447. doi: http://dx.doi.org/10.3386/w17447
Auerbach, A. y Gorodnichencko, Y. (2012). Measuring the Output Responses to Fiscal Policy. American Economic Journal: Economic Policy 4 (2), 1-27. doi: http://dx.doi.org/10.1257/pol.4.2.1
Blundell, R. y Bond, R. (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. Journal of Econometrics 87(1), 115-143. doi: http://dx.doi.org/10.1016/s0304-4076(98)00009-8
Calderón, C. y Servén, L. (2002). The Output Cost of Latin America’s Infrastructure GAP. Working Paper N° 186. Recuperado de http://www.bcentral.cl/web/guest/-/the-output-cost-of-latin-america-s-infrastructure-g-2
Calderón, C. y Servén, L. (2004). The effects of infrastructure development on growth and income distribution. Policy Research Working Papers. doi: http://dx.doi.org/10.1596/1813-9450-3400
Calderón, C., Easterly, W. y Servén, L. (2003). Infrastructure Compression and Public Sector Solvency in Latin America. En W. Easterly, y L., Servén (eds.). The Limits of Stabilization: Infrastructure, Public Deficits and Growth in Latin America, 95-118. doi: http://dx.doi.org/10.1596/978-0-8213-5489-6
Canning, D. (1999). Infrastructure´s contribution to aggregate output. World Bank Policy Research Discussion Paper 2246. doi: http://dx.doi.org/10.1596/1813-9450-2246
Castro, R. y Porras, J. A. (2009). Infraestructura y desarrollo económico en Costa Rica. En L. Mesalles, L. y O. Céspedes (eds.). Costa Rica 2008: Obstáculos al crecimiento económico. Recuperado de https://www.academiaca.or.cr/wp-content/uploads/2017/05/Libroanual_conportda_09.pdf
Celis, R. (2007). Costa Rica: Identificación de la combinación de inversiones públicas más apropiada durante el periodo de transición hacia la entrada en vigencia del CAFTA. Costa Rica. Proyecto de cooperación técnica CEPAL/BID/IFPRI. Recuperado de https://www.cepal.org/publicaciones/xml/6/32316/costa_rica_1.pdf
Ferreira, F. (1995). Roads to Equality: Wealth Distribution Dynamics with Public-Private Capital Complementarity. LSE Discussion Paper TE/95/286. http://eprints.lse.ac.uk/19368/1/Roads_to_Equality_Wealth_Distribution_Dynamics_with_Public-Private_Capital_Complementarity.pdf
Fondo Monetario Internacional. (2014). World Economic Outlook, October 2014: Legacies, Clouds and Uncertainties. doi: http://dx.doi.org/10.5089/9781484372265.081
Hansen, L. P. (1982). Large Sample Properties of Generalized Method of Moments Estimators. Econométrica 50 (4), 1029-1054. doi: http://dx.doi.org/10.2307/1912775
Klenow, P. y Rodríguez, A. (1997). The Neoclassical Revival in Growth Economics: Has It Gone Too Far? NBER Macroeconomics Annual 1997, 12, 73-103. doi: http://dx.doi.org/10.2307/3585220
Mankiw, N. G., Romer, D. y Weil, D. N. (1992). A contribution to the empirics of economic growth. Quaterly Journal of Economics 107 (2), 407-437. doi: http://dx.doi.org/10.2307/2118477
Mesalles, L. (2010). El proceso de políticas en el sector infraestructura de Costa Rica: actores, arenas e intercambios. San José, Costa Rica: Mimeo.
Mesalles, L. y Celis, R. (2011). Más y mejor infraestructura de transporte para reducir la pobreza rural en Costa Rica. En Fundação Konrad Adenauer. Inversión en infraestructura pública y reducción de la pobreza en América Latina. Recuperado de http://www.kas.de/wf/doc/kas_29022-1522-4-30.pdf?111114153158
Sargan, J. D. (1958). The Estimation of Economic Relationships Using Instrumental Variables. Econométrica 26 (3), 393-415. doi: http://dx.doi.org/10.2307/1907619
Downloads
Publicado
Como Citar
Edição
Seção
Licença
This publication is subject to the Creative Commons License; therefore, its attributions and restrictions must be respected.
Authors publishing in this Journal accept the following conditions:
- Authors retain copyright ownership and give the Journal first publication right of the paper, which is registered with the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. This license allows third parties to use the published work provided it is sourced as firstly published in this Journal.
- Authors may enter into other independent and additional contractual agreements for the non-exclusive distribution of the article published in this Journal (e.g., to be included in an institutional repository or published in a book) provided it is clearly stated that the work was published in this Journal for the first time.
- Authors are allowed and recommended to publish their work on the Internet (for example, on institutional or personal pages) before and during the review and publication process, as it can lead to productive exchanges and a greater and faster dissemination of work published.
The Economía & Sociedad Journal, published by Universidad Nacional, is licensed under a Creative Commons Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional License. Based on http://www.revistas.una.ac.cr/index.php/economia.
