Productivity impacts of infrastructure investment in the Netherlands 1853-1913

The effects of infrastructure investment on production are usually studied with post-war data. This paper finds strong evidence of a positive impact of infrastructure investment on the Netherlands’GDP in the second half of the 19 century. A brand new historical the data set is exploited that allows the distinction between basic and complementary infrastructure investment. Whereas the effect is significantly positive for basic investment, it is absent for complementary investment. Rather than estimating production functions as in the well-known model of Aschauer (1989a), data-oriented econometr... Mehr ...

Verfasser: Sturm, Jan-Egbert
Jacobs, Jan
Groote, Peter
Dokumenttyp: workingPaper
Erscheinungsdatum: 1995
Verlag/Hrsg.: s.n.
Schlagwörter: Nederland / Productiviteit / Infrastructuur / Investeringen / 83.12
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29191677
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : https://hdl.handle.net/11370/905a6cd1-750d-4846-a3f9-85c205c8532e

The effects of infrastructure investment on production are usually studied with post-war data. This paper finds strong evidence of a positive impact of infrastructure investment on the Netherlands’GDP in the second half of the 19 century. A brand new historical the data set is exploited that allows the distinction between basic and complementary infrastructure investment. Whereas the effect is significantly positive for basic investment, it is absent for complementary investment. Rather than estimating production functions as in the well-known model of Aschauer (1989a), data-oriented econometric techniques are employed, particularly Granger-causality tests in a Vector AutoRegression (VAR) framework. The VAR model is analysed with impulse response analyses and variance decompositions.