In:
The World Economy, Wiley, Vol. 43, No. 12 ( 2020-12), p. 3384-3406
Abstract:
This paper examines the productivity effect of two categories of core infrastructure investment in China, by matching a panel of manufacturing firm‐level production data with province‐level infrastructure investment data. Cross‐industry variation in infrastructure reliance using input–output table information is employed to address potential endogeneity issues. We find that firms in an industry that relies more heavily on infrastructure in production experience higher productivity growth from more infrastructure investment. On average, the annual rate of return to core infrastructure investment in China is about 23% during 1998–2007.
Type of Medium:
Online Resource
ISSN:
0378-5920
,
1467-9701
Language:
English
Publisher:
Wiley
Publication Date:
2020
detail.hit.zdb_id:
132896-7
detail.hit.zdb_id:
1473825-9
detail.hit.zdb_id:
1285850-X
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