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I estimate the effect that growth in countries' GDP per capita has on the growth rate of infrastructure. In order to … democracies and autocracies, GDP per capita growth has a significant positive effect on infrastructure growth. This effect is … rate of infrastructure. …
Persistent link: https://www.econbiz.de/10012795873
. Infrastructure provision is seen as a particularly important instrument for helping in regional development where government can play … a significant role due to the public goods nature of infrastructure facilities. Literature confirms the positive … association between infrastructure and growth. However, it is not necessary that economic growth attributable to infrastructure …
Persistent link: https://www.econbiz.de/10011301905
The relation between infrastructure and economic growth has been largely investigated in the literature, but the … empirical evidence found has proven to be controversial. This paper aims to empirically analyze the impact of infrastructure … stocks on economic growth. In spite of there being theoretical justification for taking infrastructure into account in …
Persistent link: https://www.econbiz.de/10011503515
Core infrastructure, which covers transportation, information and communication (ICT), energy, water and sanitation … systems, plays a significant role in economic growth. The development of core infrastructure - one of the European Union (EU … addressing the identified issues is needed to assess the impact of infrastructure on economic growth and convergence …
Persistent link: https://www.econbiz.de/10013259322
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The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined … infrastructure investment, which then drives economic growth via various channels including reducing transaction costs and raising … productivity. Another mechanism emphasized in this paper is that infrastructure investment can promote urbanization through …
Persistent link: https://www.econbiz.de/10011585947
This paper examines the relationship between infrastructure investment activity, capital market development, the role … evidence over recent decades. Infrastructure is shown to be an important asset class playing a central role in a nation …’s output, growth, productivity and microeconomic performance. Infrastructure investment also requires investment and …
Persistent link: https://www.econbiz.de/10011649314
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