A Theory of Infrastructure-led Development

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Middle-Income Growth Traps (2012, background): “21 stock of infrastructure itself (see Agénor (2010) and Agénor and Neanidis (2010)).”
Impacts of Transport Infrastructure on Productivity and Economic Growth: Recent Advances and Research Challenges (2013, background): “Démurger (2001), Agénor (2010) and Banister (2012) indicate that the effects of additional transport infrastructure investment on economic activities crucially depend on the level of transport infrastructure accumulation. Démurger (2001) observes that the positive effect of transport infrastructure ”
Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces (2012, background): “According to Agenor and Montiel (1999), most estimates of  for LDCs lie between 010 and 050. The value in the base case, 034, equals the average estimate for LICs in Ogaki et al. (1996). • Elasticity of substitution in consumption (). We fix  at 050 as estimates of compensated elasticities of”
Transport Policies and Development (2015, background): “In principle, investing in transport should reduce costs, leading to an increase in productivity and shifting the economy to a higher growth equilibrium (see the Big Push Theory of Rosenstein-Rodan, 1943; further developed by Murphy, Shleifer, & Vishny, 1989; and Agénor, 2010).”