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Infrastructure development and economic growth: Prospects and perspective
Bathula Srinivasu, P Srinivasa Rao
Journal of business management and Social sciences research 2 (1), 81-91, 2013
Infrastructure is the prerequisite for the development of any economy. Transport, telecommunications,
energy, water, health, housing, and educational facilities have become part and parcel of human
existence. It is difficult to imagine a modern world without these facilities. These are vital to the
household life as well as to the economic activity. Infrastructure plays a crucial role in promoting
economic growth and thereby contributes to the reduction of economic disparity, poverty and
deprivations in a country. Greater access of the poor to education and health services, water and
sanitation, road network and electricity is needed to bring equitable development and social
emposwerment. It is an important pre-condition for sustainable economic and social development.
Infrastructural investments in transport (roads, railways, ports and civil aviation), power, irrigation,
watersheds, hydroelectric works, scientific research and training, markets and warehousing,
communications and informatics, education, health and family welfare play a strategic but indirect role
in the development process, but makes a significant contribution towards growth by increasing the
factor productivity of land, labour and capital in the production process, especially safe drinking water
and sanitation, basic educational facilities strongly influence to the quality of life of the people. This
study establishes the relationship between infrastructure and economic growth using growth theories
by empirical evidences. Finally it concludes infrastructure and poverty reduction in the Indian context.
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The effects of infrastructure development on growth and income distribution
Luis Servén, César Calderón
Documentos de Trabajo (Banco Central de Chile), 1-47, 2004
This paper provides an empirical evaluation of the impact of infrastructure development on economic
growth and income distribution using a large panel data set encompassing over 100 countries and
spanning the years 1960-2000. The empirical strategy involves the estimation of simple equations for
GDP growth and conventional inequality measures, augmented to include among the regressors
infrastructure quantity and quality indicators in addition to standard controls. To account for the
potential endogeneity of infrastructure (as well as that of other regressors), we use a variety of GMM
estimators based on both internal and external instruments, and report results using both disaggregated
and synthetic measures of infrastructure quantity and quality. The two robust results are:(i) growth is
positively affected by the stock of infrastructure assets, and (ii) income inequality declines with higher
infrastructure quantity and quality. A variety of specification tests suggest that these results do capture
the causal impact of the exogenous component of infrastructure quantity and quality on growth and
inequality. These two results combined suggest that infrastructure development can be highly effective
to combat poverty. Furthermore, illustrative simulations for Latin American countries suggest that these
impacts are economically quite significant, and highlight the growth acceleration and inequality
reduction that would result from increased availability and quality of infrastructure.
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Infrastructure for sustainable development
Scott Thacker, Daniel Adshead, Marianne Fay, Stéphane Hallegatte, Mark Harvey, Hendrik Meller,
Nicholas O’Regan, Julie Rozenberg, Graham Watkins, Jim W Hall
Nature Sustainability 2 (4), 324-331, 2019
Infrastructure systems form the backbone of every society, providing essential services that include
energy, water, waste management, transport and telecommunications. Infrastructure can also create
harmful social and environmental impacts, increase vulnerability to natural disasters and leave an
unsustainable burden of debt. Investment in infrastructure is at an all-time high globally, thus an ever-
increasing number of decisions are being made now that will lock-in patterns of development for future
generations. Although for the most part these investments are motivated by the desire to increase
economic productivity and employment, we find that infrastructure either directly or indirectly
influences the attainment of all of the Sustainable Development Goals (SDGs), including 72% of the
targets. We categorize the positive and negative effects of infrastructure and the interdependencies
between infrastructure sectors. To ensure that the right infrastructure is built, policymakers need to
establish long-term visions for sustainable national infrastructure systems, informed by the SDGs, and
develop adaptable plans that can demonstrably deliver their vision.
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infrastructure development
Scholar
[PDF] [Link]
Infrastructure development and economic growth: Prospects and perspective
B Srinivasu, PS Rao - Journal of business management and …, 2013 - [Link]
… The present paper provides how infrastructure impacts growth and development. How infrastructure
plays a dynamic role to fulfill their growth targets as well as achieving higher living …
Cited by 375 Related articles
[PDF] [Link]
The effects of infrastructure development on growth and income distribution
L Servén, C Calderón - … de Trabajo (Banco Central de Chile), 2004 - [Link]
… impact of infrastructure development on economic … infrastructure quantity and quality indicators in
addition to standard controls. To account for the potential endogeneity of infrastructure (…
Cited by 1908 Related articles
[PDF] [Link]
Infrastructure for sustainable development
S Thacker, D Adshead, M Fay, S Hallegatte… - Nature …, 2019 - [Link]
… , often focusing on economic development. Whether that development proves to be sustainable or
not depends upon how the huge amount of infrastructure development that will take …
Cited by 1008 Related articles
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[B] Infrastructure and development
R Prud'Homme - 2004 - [Link]
… infrastructure may—and often does—consist of white elephants as well as of highly useful roads. Why
and how does infrastructure contribute to development… be shown that infrastructure …
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Infrastructure, growth, and inequality: An overview
C Calderón, L Servén - World Bank Policy Research Working …, 2014 - [Link]
… This paper reviews recent theoretical and empirical literature on the effects of infrastructure
development on growth and income distribution. The theoretical literature has employed a …
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Governmental role in BOT-led infrastructure development
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M Fay, M Toman, D Benitez… - … Growth and Development …, 2011 - [Link]
… They find that both infrastructure quantity and quality are significant influences on growth (figure
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The modern trends of infrastructure development
M Butko, N Ivanova - Baltic Journal of Economic Studies, 2016 - [Link]
… development of theoretical foundations of the process of integration of the national industrial
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Infrastructure for development
G Ingram, C Kessides - Finance and Development, 1994 - [Link]
… times annual development finance for infrastructure (… all developing countries' GDP, a quarter of
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Infrastructure development and economic growth in China
P Sahoo, RK Dash, G Nataraj - IDE Discussion Paper, 2010 - [Link]
… More importantly, we find that Infrastructure development in China has … from infrastructure
development to output growth justifying China's high spending on infrastructure development …
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