Date of this Version
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2572-7923 (Print), 2572-7931 (Online)
Infrastructure was not a widely researched topic until Aschauer identified the wider economic benefits of investment in the United States during the 1980s. Achauer’s work was a catalyst for further research and debate as researchers tackled weakness in the production function approach to measurement and sought to adjust for two-way causation. The literature that followed confirmed a significant and causal connection between public investment, productivity and output and research moved to international panel data, regional economies and the relationship between infrastructure investment, output capacity, growth and productivity.
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