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Author: Naftaly Mose
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The empirical debate on the role of road transport infrastructure on domestic economic growth is inconclusive and is characterized by two main opposing views: the road-led economic growth hypothesis and the distorting effect of infrastructure growth hypothesis. The objective of this paper is to examine the effect of road transportation infrastructure on economic growth in Kenya using time series data over the period 1990-2020. Empirically, the study develops a transport-growth model that is an extension of Solow (1956) neoclassical growth function and estimates the model with time series data of Kenya. The study adopted Autoregressive Distributed Lag (ARDL) model and Granger causality approach as the technique for testing the study relationship. The key finding of this study demonstrated that the growth in road length as proxied by road sector expenditure contributed positively to economic growth in both short-run and long run. Applying error correction model, it was observed that there is causality between road infrastructure development and economic growth. This study, therefore, interrogates and accepts the infrastructure-growth hypothesis that increased road transport infrastructure stimulates long-run economy expansion in the Kenyan context. The study suggests that expansion of road transport infrastructure will lead to substantial growth of the Kenya economy though gross capital formation. Therefore, within its stated scope, this finding informs the formulation of relevant and vibrant study transport policy to boost road infrastructure growth and hence sustainable economic growth in Kenya.
Author: Naftaly Mose
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The empirical debate on the role of road transport infrastructure on domestic economic growth is inconclusive and is characterized by two main opposing views: the road-led economic growth hypothesis and the distorting effect of infrastructure growth hypothesis. The objective of this paper is to examine the effect of road transportation infrastructure on economic growth in Kenya using time series data over the period 1990-2020. Empirically, the study develops a transport-growth model that is an extension of Solow (1956) neoclassical growth function and estimates the model with time series data of Kenya. The study adopted Autoregressive Distributed Lag (ARDL) model and Granger causality approach as the technique for testing the study relationship. The key finding of this study demonstrated that the growth in road length as proxied by road sector expenditure contributed positively to economic growth in both short-run and long run. Applying error correction model, it was observed that there is causality between road infrastructure development and economic growth. This study, therefore, interrogates and accepts the infrastructure-growth hypothesis that increased road transport infrastructure stimulates long-run economy expansion in the Kenyan context. The study suggests that expansion of road transport infrastructure will lead to substantial growth of the Kenya economy though gross capital formation. Therefore, within its stated scope, this finding informs the formulation of relevant and vibrant study transport policy to boost road infrastructure growth and hence sustainable economic growth in Kenya.
Author: Wilson S. K. Wasike
Publisher:
ISBN:
Category : Infrastructure (Economics)
Languages : en
Pages : 118
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Book Description
Author: Rubaba Ali
Publisher: World Bank Publications
ISBN: 146480656X
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
Roads are the arteries through which the economy pulses. They connect sellers to markets, workers to jobs, students to education, and the sick to hospitals. Yet much of the developing world, Africa in particular, lacks adequate transportation infrastructure. Accordingly investments in transportation remain a cornerstone of the development agenda. Sub-Saharan Africa spends roughly $6.8 billion per year on paving roads, and the World Bank invests more on roads than on education, health, and social services combined. Despite the development focus on transportation, methodologies for evaluating which road projects to fund are often dis-jointed and unreliable. This report hopes to improve upon the current approaches by establishing a new methodology for prioritization which can be applied to a diverse set of scenarios, regions, and projects. This book demonstrates how modern econometrics and geospatial techniques can be combined to analyze the latest available geo-referenced datasets at the smallest possible scale to answer some of the most important questions in development. Uniquely this report attempts to shed light on some of the most profound puzzles in determining the impacts of roads and where to locate these. Does road infrastructure unleash a virtuous growth cycle? Is it advisable to improve roads in conflict prone zones? What is the effect of improving market access on farming practices? And what are the impacts of roads on forests and biodiversity? It is envisioned that the approach used in this book can be a reference guide to researchers from across the spectrum of international development, who are seeking new tools and insights into the many issues (technical and non-technical) of this important field.
Author: Mr.Dhaneshwar Ghura
Publisher: International Monetary Fund
ISBN: 1451855753
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Author: Bernal Christian Floor
Publisher:
ISBN: 9781868440597
Category : Roads
Languages : en
Pages :
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Book Description
Author: Piet Buys
Publisher: World Bank Publications
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 59
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Book Description
Recent research suggests that isolation from regional and international markets has contributed significantly to poverty in many Sub-Saharan African countries. Numerous empirical studies identify poor transport infrastructure and border restrictions as significant deterrents to trade expansion. In response, the African Development Bank has proposed an integrated network of functional roads for the subcontinent. Drawing on new econometric results, the authors quantify the trade-expansion potential and costs of such a network. They use spatial network analysis techniques to identify a network of primary roads connecting all Sub-Saharan capitals and other cities with populations over 500,000. The authors estimate current overland trade flows in the network using econometrically-estimated gravity model parameters, road transport quality indicators, actual road distances, and estimates of economic scale for cities in the network. Then they simulate the effect of feasible continental upgrading by setting network transport quality at a level that is functional, but less highly developed than existing roads in countries like South Africa and Botswana. The authors assess the costs of upgrading with econometric evidence from a large World Bank database of road project costs in Africa. Using a standard approach to forecast error estimation, they derive a range of potential benefits and costs. Their baseline results indicate that continental network upgrading would expand overland trade by about $250 billion over 15 years, with major direct and indirect benefits for the rural poor. Financing the program would require about $20 billion for initial upgrading and $1 billion annually for maintenance. The authors conclude with a discussion of supporting institutional arrangements and the potential cost of implementing them.
Author: Cesar A. V. Queiroz
Publisher: World Bank Publications
ISBN:
Category : Carreteras
Languages : en
Pages : 40
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Book Description
The average stock of paved roads per million inhabitants in high-income economies is 59 times that in low-income economies. And those roads are in better condition than the ones in low income economies.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264255516
Category :
Languages : en
Pages : 150
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Book Description
This report combines empirical research on the relationship between road infrastructure, inclusive economic development and traffic safety with an assessment of policies and governance structures to help governments find ways to create effective, safe and inclusive transport infrastructures.
Author: Robert G. Gregory
Publisher:
ISBN:
Category : Transportation, Automotive
Languages : en
Pages : 40
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Book Description
Author: Organisation for Economic Co-operation and Development
Publisher: Org. for Economic Cooperation & Development
ISBN:
Category : Architecture
Languages : en
Pages : 366
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Book Description
Effective infrastructure provision for energy, transport, water and telecommunications services is a key aspect of modern societies and will continue to be essential to future economic development and growth in both OECD and non-OECD countries worldwide. Drawing on a series of expert papers, this publication examines the trends and developments that are likely to impact on infrastructure investment and planning to the year 2030, including urbanisation, climate change, security issues, the evolution of public finances, globalisation and technological developments. The report goes on to assess the longer-term challenges facing the following sectors: electricity transmission and distribution, surface transport, water, telecommunications and broadband.
