“…The data for infrastructure investment, also in millions of constant 2005 Euros, are from a new and comprehensive data set developed by Pereira, A. and Pereira, R. (2016) (Note 2). In this paper, we consider total infrastructure investment, as well as four main types of infrastructure investments: road transportation infrastructure, other transportation infrastructure, social infrastructures, and utilities Other transportation infrastructures include railroads, airports and ports, and account for 8.91% of total infrastructure investment between 1978 and 2011.…”