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The role of infrastructure efficiency in economic development—The case of underused highways in Europe

dc.contributor.authorPontes, JosƩ Pedro
dc.contributor.authorPais, Joana
dc.date.accessioned2022-10-31T17:54:25Z
dc.date.available2022-10-31T17:54:25Z
dc.date.issued2018
dc.description.abstractIn this paper, we establish a two-way causality between the phenomenon of infrastructure which is underused (the so-called ā€œwhite elephant caseā€) and the aggregate productivity level (TFP) of the economy. On the one hand, the fact that a transport infrastructure is not used as much as it could be is itself a cause of low TFP because it represents low productivity for an important item of social capital. On the other hand, low aggregate productivity makes firms’ strategies founded on large scale of production and exports riskier, given the possibility that the political decision to build the required transport infrastructure may never be taken.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationPontes, JosĆ© Pedro, and Joana Pais.(2018). "The role of infrastructure efficiency in economic development—The case of underused highways in Europe". Journal of Infrastructure, Policy and Development, Vol. 2, No. 2 : pp. 248-257.pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.5/25868
dc.language.isoengpt_PT
dc.publisherEnPress Publisherpt_PT
dc.subjectTotal Factor Productivitypt_PT
dc.subjectEfficiency in Infrastructure Usept_PT
dc.subjectEconomic Developmentpt_PT
dc.subjectTransport Economicspt_PT
dc.titleThe role of infrastructure efficiency in economic development—The case of underused highways in Europept_PT
dc.typejournal article
dspace.entity.typePublication
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT

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