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Title: Productivity of core infrastructure investment in China: an input–output approach
Authors: Wang, Zhifeng
Wu, Laura Guiying
Feng, Qu
Keywords: Social sciences::Economic development
Issue Date: 2020
Source: Wang, Z., Wu, L. G. & Feng, Q. (2020). Productivity of core infrastructure investment in China: an input–output approach. The World Economy, 43(12), 3384-3406.
Project: M4011642
Journal: The World Economy
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.
ISSN: 0378-5920
DOI: 10.1111/twec.13014
Schools: School of Social Sciences 
Rights: © 2020 John Wiley & Sons Ltd. All rights reserved.
Fulltext Permission: none
Fulltext Availability: No Fulltext
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