Abstract

SANTA CRUZ CAMACHO, Camilo. Dynamic relationship between infrastructure development and long-term economic growth in Costa Rica, 1983 - 2017. Economía y Sociedad [online]. 2022, vol.27, n.61, pp.19-34. ISSN 2215-3403.  http://dx.doi.org/10.15359/eys.27-61.2.

The development of infrastructure represents a first order condition in the acceleration of the economic growth, through different areas that improve productivity and other production factors that compose the generation processes of goods and services in an economy. In the next study, it is intendent to verify, with a dynamic model of distributed lags, the impact of the creation of infrastructure over the product level of the Costa Rica economy for the 1983-2017 period. The findings agree with the importance given to the infrastructure as a driving force of the economy; results also help to understand the dynamic delayed effects that infrastructure has on the economic growth. Other research areas such as the influence of infrastructure types of short-term, and long-term on the physic capital, productivity, and economic growth, come out from this research.

Keywords : capital; productivity; dynamic effects; distributed lags; short run; Gross Fixed Capital Formation (GFCF).

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