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Limited empirical studies have disaggregated the government spending into infrastructure and consumption expenditures … highways, road, ports, fiber optic, standard gauge railway, and massive investment in road management and maintenance. All … Kenyan government. The aim of this research was to investigate the role of infrastructure sector spending on private …
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factor productivity. We argue that public capital, predominantly manifesting through infrastructure, constitutes an … of public infrastructure for operational efficiency. Our empirical analysis reveals that public capital exhibits a …
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mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective … than investment in infrastructure in promoting long-run economic development when investments earn their average estimated … a program that invests mainly in infrastructure. The ranking of alternative investment programs depends on the …
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