Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Impact of public infrastructure on economic growth

Impact of public infrastructure on economic growth

Houeton, Letondé F. Brice

Paperback

Business General

ISBN10: 6208293847
ISBN13: 9786208293840
Publisher: Our Knowledge Publishing
Published: Nov 13 2024
Pages: 76
Weight: 0.27
Height: 0.18 Width: 6.00 Depth: 9.00
Language: English
Infrastructure and its effects on both economic development and regional integration are a key concern for decision-makers and stakeholders at local, national and regional levels, in industrialized countries and even more so in developing economies. However, the effects of infrastructure on economic variables are not always identifiable, and vary according to the type of infrastructure, the economic sectors and the economic level of the region affected by the investment. Based essentially on the theoretical results of endogenous growth models (Barro, 1990) and using a three-equation simultaneous model that takes into account the interdependence of explained variables (Duffy-Deno and Eberts method, 1991), our results highlight a positive causality between public infrastructure and growth in regional per capita income. Hence, public spending on infrastructure remains a proven source of economic growth within ECOWAS. In turn, per capita income is an important determinant of public infrastructure development.

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