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Public infrastructure and structural transformation (English)

This study argues that public infrastructure is an important though previously neglected driving mechanism of the structural transformation process. To assess its significance quantitatively, this study first develops a multisector neoclassical growth model with heterogeneous firms, where public infrastructure contributes to firms' production and mitigates the barriers to firms' entry. The model is calibrated using data from Brazil, a country that...
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Citation

Perez Sebastian,Fidel; Steinbuks,Jevgenijs.

Public infrastructure and structural transformation (English). Policy Research working paper|no. WPS 8285 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/663871513692700637

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