Publication - Research and analysis

Infrastructure investment: evidence summary

Published: 13 Dec 2018
Directorate:
Chief Economist Directorate
Part of:
Economy
ISBN:
9781787814660

This paper summarises evidence on the link between infrastructure investment and economic growth.

18 page PDF

523.1 kB

18 page PDF

523.1 kB

Supporting files

Contents
Infrastructure investment: evidence summary
Footnotes

18 page PDF

523.1 kB

Supporting files

Footnotes

1. National Infrastructure Commission Report (2017). Economic Growth and Demand for Infrastructure Services. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/595990/2906219_NIC_Technical_Paper_Economic_Driver_v1_0A_WEBACCESSIBLE.PDF

2. Bom and Ligthart (2013). What have we learned from three decades of research on the Productivity of Public Capital? Journal of Economic Surveys https://onlinelibrary.wiley.com/doi/pdf/10.1111/joes.12037

3. World Bank Group (2014). Infrastructure, Growth and Inequality: An overview. http://documents.worldbank.org/curated/en/322761468183548075/pdf/WPS7034.pdf

4. OECD 2016 (a) https://www.oecd.org/eco/The-positive-effect-of-public-investment-on-potential-growth.pdf

5. OECD 2016 (b) https://www.oecd.org/eco/The-effect-of-the-size-and-the-mix-of-public-spending-on-growth-and-inequality-working-paper.pdf

6. IMF, Is it time for an infrastructure push? The macroeconomic effects of public investment, 2014, http://www.imf.org/external/pubs/ft/weo/2014/02/pdf/c3.pdf

7. European Commission, Infrastructure in the EU: Developments and Impacts on Growth, 2014, http://ec.europa.eu/economy_finance/publications/occasional_paper/2014/pdf/ocp203_en.pdf Appendix 3

8. As GFCF includes vehicles, computers and equipment it is wider than construction infrastructure.

9. https://www.ons.gov.uk/economy/grossdomesticproductgdp/articles/ananalysisofinvestmentexpenditureintheukandotherorganisationforeconomiccooperationanddevelopmentnations/2018-05-03

10. OECD, UK economic survey 2015: Improving Infrastructure, February 2015 cited in http://researchbriefings.files.parliament.uk/documents/SN06594/SN06594.pdf

11. OECD 2016(a) https://www.oecd.org/eco/The-positive-effect-of-public-investment-on-potential-growth.pdf

12. http://siteresources.worldbank.org/EXTSDNET/Resources/infrastructure-background-note-G20.pdf

13. OECD 2016 (b) https://www.oecd.org/eco/The-effect-of-the-size-and-the-mix-of-public-spending-on-growth-and-inequality-working-paper.pdf

14. http://www.oecd.org/eco/Can-an-increase-in-public-investment-sustainably-lift-economic-growth.pdf

15. NiGEM model is developed and maintained by the National Institute of Economic and Social Research, London


Contact

Email: Kathy Johnstone