期刊
REVIEW OF DEVELOPMENT FINANCE
卷 6, 期 2, 页码 105-125出版社
ELSEVIER
DOI: 10.1016/j.rdf.2016.12.001
关键词
Infrastructure access; Infrastructurestock; Infrastructurequality; Economicgrowth; Sub-SaharanAfrica
资金
- Economic Research Southern Africa
In light of Africas palpable deficit in public infrastructure, we use System GMM to estimate a model of economic growth augmented by an infrastructure variable, for a panel of 45 Sub-Saharan African countries, over the period 20002011. We find that it is the spending on infrastructure and increments in the access to infrastructure that influence economic growth and development in Sub-Saharan Africa. Interestingly, these significant associations, especially those of infrastructure spending, are more important for lesser developed economies of the region than for the relatively more developed economies, which uncommonly have better than near-zero access to infrastructure. In addition to these robust direct links between the target variables, we find importantly that infrastructure access, and quality, also relate to economic growth indirectly via export diversification (trade competitiveness), and cross-border capital flows and trade competitiveness, respectively. Among other important policy derivatives of our findings, we emphasize that efforts aimed at reversing Africas pervasive infrastructure deficit, in ways that enable economic growth and development, must be carefully nuanced.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据