The Joint Impact of Infrastructure and Institutions on Economic Growth PDF Download
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Author: Yitagesu Zewdu Zergawu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Yitagesu Zewdu Zergawu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Yitagesu Zewdu Zergawu
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
Author: David F. Batten
Publisher: Springer Science & Business Media
ISBN: 3642802664
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
The book examines the complex relationships between infrastructure and the rest of the economy. In particular, it focuses on the contentious issue of whether infrastructure investments stimulate productivity growth, issues of pricing and ownership, and also development problems such as environmental damage. Methods range from traditional production function models and compensating variation approaches to nonlinear methods of dynamic analysis. There is a unique emphasis on the ability of these different methods to allow for the complex interdependencies involved. Six of the fifteen papers deal with these methodological aspects, whereas the remainder addresses specific cases or examples in a variety of countries (Europe, USA and developing countries).
Author: Christine Kessides
Publisher: World Bank Publications
ISBN: 9780821326282
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
This paper reviews the linkages between infrastructure and economic development based on both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by consumers. Thus, an analysis of infrastructures' contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital. The paper notes that macro and industry level research , although having its limitations, suggest a positive and statistically significant relationship between infrastructure and economic output. However the conclusions derived from this research (most of which derives from developed countries) provide little specific guidance for policy. To gain more practical insights about how infrastructure contributes to economic growth and to improved quality of life, and to understand the welfare costs of inadequate or unreliable infrastructure, it is necessary to look at microeconomic evidence. Particularly interesting illustrations of these relationships are to be found in developing countries where there is wide variance in the availability and quality of infrastructure.
Author: Das, Ramesh Chandra
Publisher: IGI Global
ISBN: 1522523626
Category : Business & Economics
Languages : en
Pages : 494
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Book Description
The infrastructure of a country has significant effects on both the lives of its citizens and its place in international markets. As such, it is imperative to develop policies to promote the quality of a nation’s infrastructure. The Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development is a pivotal reference source for the latest scholarly research on various initiatives and policies developed to enhance the current infrastructure of modern nations. Including the role of economics, finance, and multiple industry perspectives, this book covers a range of pertinent topics such as R&D initiatives, foreign direct investment, and trade liberalization, and this publication is an ideal reference source for researchers, academics, practitioners, and students interested in recent trends in infrastructure development.
Author: Pierre-Richard Agénor
Publisher: World Bank Publications
ISBN:
Category : Children
Languages : en
Pages : 59
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Book Description
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264193529
Category :
Languages : en
Pages : 153
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Book Description
This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.
Author:
Publisher: World Bank Publications
ISBN: 9780195209921
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.
Author: Stephan Fretz
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Infrastructure is considered to be a core ingredient to economic growth. However, empirical evidence on the effects of new infrastructure on economic outcome variables as well as on the determinants of infrastructure provision is still relatively scarce. This dissertation contributes to a better understanding of the role infrastructure plays in the economy with a collection of empirical studies from mature economies. The first two studies examine the local and regional effects of the Swiss highway network. The analysis exploits the fact that the Swiss highway network was to a large extent defined by the Swiss federal parliament in 1960, but only gradually constructed over the decades that followed. The results suggest that highways led to an increase in the number of taxpayers and income per capita in municipalities within 10 km reach of a newly opened highway access point, and to a decrease in local tax rates. Two quantitative case studies show that observed local effects mainly constitute redistribution across regions, rather than net economic gains for the larger area. Studies 3 and 4 investigate the impact that the roll-out of fixed broadband starting in the late 1990s had on growth in the OECD. Most existing firm- and industry-level studies find no short-term effects of broadband on productivity, whereas some country-level analyses report large output gains already shortly after broadband deployment. An analysis at the country level resolves this puzzle by showing that also at the aggregate level, there is no evidence for a positive impact of broadband during the initial years following its introduction. This finding is confirmed by a study at the industry level which tests for alternative growth channels and impact shapes. The last study focuses on the influence of political and institutional factors on infrastructure expenditures in the United States. The results indicate that parties and institutional features such as.
Author: David Eltis
Publisher: Cambridge University Press
ISBN: 1139480456
Category : History
Languages : en
Pages : 353
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Book Description
Human Capital and Institutions is concerned with human capital in its many dimensions and brings to the fore the role of political, social, and economic institutions in human capital formation and economic growth. Written by leading economic historians, including pioneers in historical research on human capital, the chapters in this text offer a broad-based view of human capital in economic development. The issues they address range from nutrition in pre-modern societies to twentieth-century advances in medical care; from the social institutions that provided temporary relief to workers in the middle and lower ranges of the wage scale to the factors that affected the performance of those who reached the pinnacle in business and art; and from political systems that stifled the advance of literacy to those that promoted public and higher education. Just as human capital has been a key to economic growth, so has the emergence of appropriate institutions been a key to the growth of human capital.
