Portal de Periódicos da CAPES

Is public infrastructure productive? Evidence from Chile

2001; Taylor & Francis; Volume: 8; Issue: 3 Linguagem: Inglês

10.1080/13504850150504595

1466-4291

J M Albala-Bertrand, Emmanuel Mamatzakis,

Fiscal Policies and Political Economy

Abstract This study assesses the extent to which public infrastructures have contributed to output in the Chilean economy over the period 1960–1995. For the long-run, it uses a vector error correction model for cointegration tests, while for the short-run, it resorts to the use of impulse response functions and variance decompositions. The results appear to show that public infrastructures in Chile have been significantly productive.