L'impatto macroeconomico delle infrastrutture: una rassegna della letteratura e un'analisi empirica per l'Italia

Journal title QA Rivista dell’Associazione Rossi-Doria
Author/s Valter Di Giacinto, Giacinto Micucci, Pasqualino Montanaro
Publishing Year 2012 Issue 2012/1
Language Italian Pages 41 P. 19-59 File size 251 KB
DOI 10.3280/QU2012-001002
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The Macroeconomic Impact of Infrastructures: A Literature Review and Empirical Analysis on the Case of Italy This paper aims to analyze the macroeconomic impact of infrastructures through review of the literature, meta-analysis and empirical analysis of the Italian data. We report a general consensus over the positive effects of infrastructures, even though the results are affected by the estimation techniques adopted. The empirical exercise on the Italian data shows that public capital has effectively exerted positive long-run effects on growth, also fostering private investment. Nevertheless, the results should not be taken as a general prompt to increase investment, the effects depending mainly on the efficiency of the spending and production process. EconLit Classification: H54, O40

Keywords: Public capital, Economic growth

Valter Di Giacinto, Giacinto Micucci, Pasqualino Montanaro, L'impatto macroeconomico delle infrastrutture: una rassegna della letteratura e un'analisi empirica per l'Italia in "QA Rivista dell’Associazione Rossi-Doria" 1/2012, pp 19-59, DOI: 10.3280/QU2012-001002