Paper Title :Infrastructure and Institutions as Part of the Economic Growth Process: Results from a Dynamic Panel Approach
Author :Yitagesu Zewdu Zergawu
Article Citation :Yitagesu Zewdu Zergawu ,
(2018 ) " Infrastructure and Institutions as Part of the Economic Growth Process: Results from a Dynamic Panel Approach " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 38-41,
Volume-4,Issue-5
Abstract : This study revisits the ongoing debate on the e ect of infrastructure investment on long-run economic growth. We
strongly argue that the productivity of the infrastruc-ture investment depends the institutional frameworks. This paper
improves on the methodology by conducting system-GMM estimations for a panel of 221 countries. The results suggest in
the countries where there is a better institutional quality there is a positive correlation between infrastructure investment and
economic growth. In particular, the study show that there is a positive and robust correlation between infrastructure
investment and economic growth in countries with a well established democratic system and "good" regulations.
Keywords - Infrastructure; institutions; economic growth; investment; quality.
JEL classi cation: H54, F20
Type : Research paper
Published : Volume-4,Issue-5
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-12238
View Here
Copyright: © Institute of Research and Journals
|
|
| |
|
PDF |
| |
Viewed - 52 |
| |
Published on 2018-07-26 |
|