A New Global Index of Infrastructure: Construction, Rankings and Applications

24 Pages Posted: 3 Feb 2016

See all articles by Julian Donaubauer

Julian Donaubauer

University of the German Federal Armed Forces - Helmut Schmidt Universität

Birgit Meyer

Vienna University of Economics and Business; University of Kiel; University of Kiel - Institute for World Economics (IfW)

Peter Nunnenkamp

University of Kiel

Date Written: February 2016

Abstract

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990–2010. We map major findings from the new indices of infrastructure and provide country rankings, which we also compare with subjective assessments of infrastructure in the World Economic Forum's Global Competitiveness Report. Finally, we exemplify possible applications related to trade and foreign aid. By overcoming several data limitations, our new global index can help assess the links between infrastructure and economic development more systematically.

Suggested Citation

Donaubauer, Julian and Meyer, Birgit Elisabeth and Nunnenkamp, Peter, A New Global Index of Infrastructure: Construction, Rankings and Applications (February 2016). The World Economy, Vol. 39, Issue 2, pp. 236-259, 2016. Available at SSRN: https://ssrn.com/abstract=2726953 or http://dx.doi.org/10.1111/twec.12290

Julian Donaubauer (Contact Author)

University of the German Federal Armed Forces - Helmut Schmidt Universität ( email )

Holstenhofweg 85
Hamburg, 22008
Germany

Birgit Elisabeth Meyer

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Kiel ( email )

Olshausenstr. 40
D-24118 Kiel, Schleswig-Holstein 24118
Germany

University of Kiel - Institute for World Economics (IfW)

Duesternbrooker Weg 120
D-24118 Kiel
Germany

Peter Nunnenkamp

University of Kiel ( email )

D-24100 Kiel
Germany

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